CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Reaches New 12-Month Low – Should You Sell?

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $4.50 and last traded at $4.52, with a volume of 8482525 shares traded. The stock had previously closed at $4.88.

Analysts Set New Price Targets

A number of analysts have commented on CCC shares. Citigroup cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $6.00 in a research report on Friday, April 10th. Wall Street Zen raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Saturday. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $8.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Saturday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock has a consensus rating of “Hold” and a consensus price target of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

The company has a market cap of $2.65 billion, a price-to-earnings ratio of 75.35 and a beta of 0.57. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released its quarterly earnings data 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. 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% on a year-over-year basis. As a group, equities research analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CCC Intelligent Solutions Holdings Inc. Common Stock

A number of institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 35.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 33,596 shares of the company’s stock valued at $202,000 after buying an additional 8,758 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in shares of 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 purchasing an additional 1,814,248 shares in the last quarter. Meeder Advisory Services Inc. purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at about $87,000. WCM Investment Management LLC purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at about $4,978,000. Finally, Dimensional Fund Advisors LP increased 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 valued at $66,254,000 after purchasing an additional 695,892 shares in the last quarter. 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 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.