CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Receives Consensus Rating of “Hold” from Analysts

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $9.1250.

A number of research firms recently weighed in on CCC. 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. Wall Street Zen cut 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. Stifel Nicolaus restated a “buy” rating and set a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, April 24th. Finally, Citigroup lifted their target price on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a “neutral” rating in a research report on Monday, August 3rd.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 0.1%

NASDAQ:CCC opened at $7.45 on Friday. The firm has a market cap of $4.39 billion, a P/E ratio of 93.14 and a beta of 0.50. CCC Intelligent Solutions Holdings Inc. Common Stock has a twelve month low of $4.08 and a twelve month high of $10.14. The business’s 50 day moving average price is $5.82. 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 posted its quarterly earnings data on Thursday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The company’s revenue was up 9.8% compared to the same quarter last year. As a group, analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC boosted its holdings in shares of 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 valued at $29,000 after buying an additional 4,644 shares during the last quarter. Essential Partners LLC acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth $38,000. Essex Financial Services Inc. acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth $61,000. Kera Capital Partners Inc. bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth $62,000. Finally, Citizens Financial Group Inc. RI bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth $65,000. 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.