CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) have received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $9.25.

A number of research firms have recently issued reports on CCC. Jefferies Financial Group reaffirmed a “buy” rating and issued a $8.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Saturday, May 9th. 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. Citigroup cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $6.00 in a research note on Friday, April 10th. Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd.

Institutional Trading of CCC Intelligent Solutions Holdings Inc. Common Stock

A number of hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock worth $227,091,000 after buying an additional 1,189,466 shares during the period. Van Berkom & Associates Inc. raised its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% in the 1st quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock valued at $81,091,000 after acquiring an additional 1,814,248 shares during the period. WCM Investment Management LLC bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at about $4,978,000. Hsbc Holdings PLC lifted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 833.6% during the first quarter. Hsbc Holdings PLC now owns 2,030,121 shares of the company’s stock worth $12,181,000 after acquiring an additional 1,812,674 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 7,790.5% during the first quarter. Fifth Third Bancorp now owns 733,891 shares of the company’s stock worth $4,403,000 after acquiring an additional 724,590 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

Shares of NASDAQ:CCC opened at $5.82 on Monday. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52-week low of $4.08 and a 52-week high of $10.50. The firm has a market cap of $3.42 billion, a P/E ratio of 97.02 and a beta of 0.51. The firm has a 50-day moving average price of $5.08. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.25.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $281.27 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current year.

About CCC Intelligent Solutions Holdings Inc. Common Stock

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.