CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Shares Gap Up – Here’s What Happened

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $4.52, but opened at $4.71. CCC Intelligent Solutions Holdings Inc. Common Stock shares last traded at $4.86, with a volume of 820,527 shares changing hands.

Analyst Ratings Changes

CCC has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $8.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Saturday, May 9th. Barrington Research reiterated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, April 24th. Wall Street Zen raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. 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. Finally, Citigroup lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $10.00 to $6.00 in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

The firm has a market capitalization of $2.83 billion, a PE ratio of 80.35 and a beta of 0.57. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.73.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its earnings results on Thursday, April 30th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.18% and a return on equity of 6.08%. The firm had revenue of $281.27 million for the quarter. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CCC. Root Financial Partners LLC raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% in the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock worth $29,000 after acquiring an additional 4,644 shares during the period. Essex Financial Services Inc. bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $61,000. Kera Capital Partners Inc. bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $62,000. Citizens Financial Group Inc. RI bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $65,000. Finally, Meeder Advisory Services Inc. bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $87,000. 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.