CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Shares Down 9.4% – Should You Sell?

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) shares fell 9.4% on Thursday . The stock traded as low as $4.87 and last traded at $4.89. 4,292,587 shares traded hands during trading, a decline of 64% from the average session volume of 11,944,023 shares. The stock had previously closed at $5.40.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. 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. Finally, Weiss Ratings assumed coverage on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Wednesday, April 8th. They issued a “sell (d)” rating on the stock. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $6.00.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

The stock has a market cap of $2.83 billion, a P/E ratio of 44.75, a P/E/G ratio of 1.74 and a beta of 0.71. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.71.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wasatch Advisors LP increased its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during the first 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 during the period. Fort Washington Investment Advisors Inc. OH increased its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 0.7% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 3,481,093 shares of the company’s stock worth $20,887,000 after acquiring an additional 24,200 shares during the period. SG Americas Securities LLC bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth $3,254,000. OP Asset Management Ltd bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth $816,000. Finally, Pictet Asset Management Holding SA increased its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 8.2% during the first quarter. Pictet Asset Management Holding SA now owns 83,807 shares of the company’s stock worth $503,000 after acquiring an additional 6,354 shares during the period. 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.