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

Shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) have been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $9.00.

Several research analysts have recently issued reports on CCC shares. 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 note on Friday, April 24th. Jefferies Financial Group set a $7.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday. Wall Street Zen lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded 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. Finally, Citigroup cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $6.00 in a research report on Friday, April 10th.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

CCC opened at $6.09 on Monday. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 76.13 and a beta of 0.49. The stock has a 50-day moving average of $5.23. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1 year low of $4.08 and a 1 year high of $10.50. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $285.93 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.18%. CCC Intelligent Solutions Holdings Inc. Common Stock’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CCC. Principal Financial Group Inc. boosted its position in shares of 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 valued at $227,091,000 after buying an additional 1,189,466 shares during the last quarter. Wasatch Advisors LP raised its position 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 worth $169,391,000 after buying an additional 5,440,768 shares during the last quarter. Bank of America Corp DE raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 2.4% in the 1st quarter. Bank of America Corp DE now owns 14,004,344 shares of the company’s stock worth $84,026,000 after buying an additional 324,678 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in 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 acquiring an additional 1,814,248 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,043,781 shares of the company’s stock valued at $66,254,000 after acquiring an additional 695,892 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

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.