CCC Intelligent Solutions Holdings Inc. Common Stock’s (CCC) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) in a report published on Friday,Benzinga reports. Barrington Research currently has a $14.00 price target on the stock.

A number of other equities research analysts have also recently commented on CCC. Citigroup cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and dropped their target price for the company from $10.00 to $6.00 in a research report on Friday, April 10th. Weiss Ratings assumed coverage on CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Wednesday, April 8th. They set a “sell (d)” rating on the stock. Finally, Wall Street Zen cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.00.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 4.0%

Shares of CCC opened at $4.98 on Friday. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 39.92, a P/E/G ratio of 1.55 and a beta of 0.71. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.43 and a current ratio of 1.43. CCC Intelligent Solutions Holdings Inc. Common Stock has a fifty-two week low of $4.72 and a fifty-two week high of $10.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC lifted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% in the 1st quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock worth $29,000 after purchasing an additional 4,644 shares in the last quarter. Essex Financial Services Inc. purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $61,000. MQS Management LLC purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $90,000. Janney Montgomery Scott LLC purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $308,000. Finally, Pictet Asset Management Holding SA lifted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 8.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 83,807 shares of the company’s stock worth $503,000 after purchasing an additional 6,354 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

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.