CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC – Get Free Report)’s share price was down 4.6% during mid-day trading on Wednesday . The company traded as low as $4.30 and last traded at $4.40. Approximately 759,942 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 12,433,699 shares. The stock had previously closed at $4.61.
Analyst Ratings Changes
A number of research analysts have recently issued reports on CCC shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $8.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Saturday, May 9th. Wall Street Zen raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Citigroup downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $6.00 in a research report on Friday, April 10th. 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 report on Monday, May 4th. Finally, Barrington Research reissued 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. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock presently has a consensus rating of “Hold” and an average target price of $9.33.
Read Our Latest Analysis on CCC Intelligent Solutions Holdings Inc. Common Stock
CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance
CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. The company had revenue of $281.27 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.18% and a return on equity of 6.08%. CCC Intelligent Solutions Holdings Inc. Common Stock’s revenue was up 11.8% on a year-over-year basis. As a group, equities analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.25 earnings per share for the current year.
Institutional Trading of CCC Intelligent Solutions Holdings Inc. Common Stock
Large investors have recently made changes to their positions in the business. 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 acquiring an additional 4,644 shares during the last quarter. Essex Financial Services Inc. acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at $61,000. Kera Capital Partners Inc. acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at $62,000. Citizens Financial Group Inc. RI acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at $65,000. Finally, Meeder Advisory Services Inc. acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at $87,000. 95.79% of the stock is owned by hedge funds and other institutional investors.
About CCC Intelligent Solutions Holdings Inc. Common Stock
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.
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