CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Trading 8.7% Higher – Time to Buy?

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)’s stock price traded up 8.7% during trading on Friday . The company traded as high as $4.88 and last traded at $4.88. Approximately 2,242,679 shares changed hands during trading, a decline of 81% from the average daily volume of 11,876,968 shares. The stock had previously closed at $4.49.

Analysts Set New Price Targets

CCC has been the subject of several research reports. Barrington Research reiterated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Jefferies Financial Group restated a “buy” rating and set a $8.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Saturday, May 9th. Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Citigroup lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $6.00 in a research note on Friday, April 10th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 11.8%

The company’s 50 day moving average is $4.79. The stock has a market cap of $2.95 billion, a P/E ratio of 83.68 and a beta of 0.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.25 and a current ratio of 1.25.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings 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 lifted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% in the 1st quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock valued at $169,391,000 after acquiring an additional 5,440,768 shares during the last quarter. Bank of America Corp DE boosted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2.4% during the 1st quarter. Bank of America Corp DE now owns 14,004,344 shares of the company’s stock valued at $84,026,000 after purchasing an additional 324,678 shares in the last quarter. Van Berkom & Associates Inc. boosted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% during the 1st quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock valued at $81,091,000 after purchasing an additional 1,814,248 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,043,781 shares of the company’s stock worth $66,254,000 after purchasing an additional 695,892 shares during 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.