CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Receives Average Rating of “Hold” from Brokerages

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) has been given a consensus recommendation of “Hold” by the five analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $9.25.

CCC has been the topic of a number of research reports. Barrington Research reissued an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, April 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday. Weiss Ratings upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wall Street Zen raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $8.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Saturday, May 9th.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 4.6%

Shares of NASDAQ CCC traded up $0.25 during midday trading on Thursday, hitting $5.63. 3,412,668 shares of the company’s stock were exchanged, compared to its average volume of 11,939,589. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 93.85 and a beta of 0.51. CCC Intelligent Solutions Holdings Inc. Common Stock has a 12 month low of $4.08 and a 12 month high of $10.50. The business has a 50 day moving average of $4.76.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.The business had revenue of $281.27 million during the quarter. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 EPS for the current year.

Institutional Investors Weigh In On CCC Intelligent Solutions Holdings Inc. Common Stock

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% during the first quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock worth $227,091,000 after acquiring an additional 1,189,466 shares during the period. Wasatch Advisors LP increased its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during the first quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock worth $169,391,000 after purchasing an additional 5,440,768 shares during the period. Bank of America Corp DE raised its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2.4% in the first quarter. Bank of America Corp DE now owns 14,004,344 shares of the company’s stock valued at $84,026,000 after buying an additional 324,678 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% in the first quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock valued at $81,091,000 after buying an additional 1,814,248 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% during the first quarter. Dimensional Fund Advisors LP now owns 11,043,781 shares of the company’s stock worth $66,254,000 after buying an additional 695,892 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.