CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Stock Rated “Moderate Buy” by Wall Street Brokerages

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $9.12.

A number of research firms have commented on CCC. Citigroup upped their price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Jefferies Financial Group set a $7.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 30th. Stifel Nicolaus restated a “buy” rating and set a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 2nd. Wall Street Zen downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 6.8%

Shares of CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $7.02 on Friday. CCC Intelligent Solutions Holdings Inc. Common Stock has a 12-month low of $4.08 and a 12-month high of $9.45. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 87.76 and a beta of 0.47. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.71. The stock’s fifty day moving average is $6.91.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $285.93 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Root Financial Partners LLC raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock valued at $29,000 after buying an additional 4,644 shares during the period. Nykredit A S acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 2nd quarter worth about $26,000. Essential Partners LLC acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth about $38,000. IFP Advisors Inc grew its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% during the 2nd quarter. IFP Advisors Inc now owns 8,179 shares of the company’s stock valued at $42,000 after acquiring an additional 4,088 shares in the last quarter. Finally, Essex Financial Services Inc. purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $61,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services to the property and casualty insurance economy. Its platform helps insurers, collision repair facilities, automakers, parts suppliers and other participants manage automotive claims and related workflows more efficiently.

The company’s products support the claims lifecycle, including digital claim intake, damage estimating, vehicle repair management, total-loss processing, payments, customer communications and analytics.