CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Rating Lowered to Hold at Wall Street Zen

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued research reports about the stock. Citigroup lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $6.00 in a research report on Friday, April 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. Weiss Ratings raised shares of 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. Jefferies Financial Group set a $7.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday. Finally, Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.00.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $6.09 on Friday. 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 has a 12 month low of $4.08 and a 12 month high of $10.50. The stock has a 50 day moving average of $5.23. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 76.13 and a beta of 0.49.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.18%. The business had revenue of $285.93 million for the quarter. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 EPS for the current year.

Institutional Investors Weigh In On CCC Intelligent Solutions Holdings Inc. Common Stock

A number of institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP increased 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 worth $169,391,000 after acquiring an additional 5,440,768 shares in the last quarter. London Co. of Virginia lifted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 52.5% during the first quarter. London Co. of Virginia now owns 8,741,590 shares of the company’s stock valued at $52,450,000 after purchasing an additional 3,007,687 shares in the last quarter. Alfreton Capital LLP lifted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 22.5% during the first quarter. Alfreton Capital LLP now owns 10,778,074 shares of the company’s stock valued at $64,668,000 after purchasing an additional 1,978,074 shares in the last quarter. Van Berkom & Associates Inc. grew its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% in the first 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 during the period. Finally, Hsbc Holdings PLC grew its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 833.6% in the first quarter. Hsbc Holdings PLC now owns 2,030,121 shares of the company’s stock valued at $12,181,000 after purchasing an additional 1,812,674 shares during the period. Institutional investors and hedge funds 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.