CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Receives Average Rating of “Moderate Buy” from Brokerages

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCCGet Free Report) has received an average recommendation of “Moderate Buy” from the five analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $9.1250.

Several analysts have issued reports on CCC shares. Wall Street Zen lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Jefferies Financial Group set a $7.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 30th. Stifel Nicolaus restated a “buy” rating and issued a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 2nd. Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Finally, Citigroup increased their target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a “neutral” rating in a report on Monday, August 3rd.

Read Our Latest Stock Analysis on CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Down 0.8%

Shares of CCC stock opened at $6.50 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.56. The business’s 50-day moving average price is $6.72. CCC Intelligent Solutions Holdings Inc. Common Stock has a 12-month low of $4.08 and a 12-month high of $9.71. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 81.26 and a beta of 0.49.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCCGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The firm had revenue of $285.93 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%.The company’s revenue was up 9.8% on a year-over-year basis. As a group, research analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock valued at $227,091,000 after acquiring an additional 1,189,466 shares during the last quarter. Van Berkom & Associates Inc. grew its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% during the 1st quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock worth $81,091,000 after acquiring an additional 1,814,248 shares during the last quarter. WCM Investment Management LLC bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $4,978,000. Bank of America Corp DE increased its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 2.4% in the 1st quarter. Bank of America Corp DE now owns 14,004,344 shares of the company’s stock worth $84,026,000 after purchasing an additional 324,678 shares during the period. Finally, Thornburg Investment Management Inc. increased its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 240.5% in the 2nd quarter. Thornburg Investment Management Inc. now owns 1,524,462 shares of the company’s stock worth $7,866,000 after purchasing an additional 1,076,718 shares during the period. 95.79% of the stock is owned by institutional investors.

About CCC Intelligent Solutions Holdings Inc. Common Stock

(Get Free Report)

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services for the property and casualty insurance economy. Its platform connects insurers, collision repair facilities, automakers, parts suppliers, lenders, and other participants involved in vehicle claims and repairs.

The company’s solutions support claims management, estimating, workflow automation, digital payments, total-loss processing, vehicle valuation, and collision-repair operations. CCC also uses artificial intelligence, computer vision, predictive analytics, and data capabilities to help customers assess vehicle damage, streamline claims, improve repair processes, and enhance customer communication.

CCC traces its history to 1980 and primarily serves the North American insurance and automotive markets.

Further Reading

Analyst Recommendations for CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)

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