Wall Street Zen downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC – Free Report) from a buy rating to a hold rating in a report released on Saturday.
A number of other equities analysts have also weighed in on the stock. Weiss Ratings upgraded 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. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Jefferies Financial Group set a $7.00 target price on CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday. Barrington Research restated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Finally, Citigroup lowered 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. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.00.
View Our Latest Research Report 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, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $285.93 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.07%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current year.
Hedge Funds Weigh In On CCC Intelligent Solutions Holdings Inc. Common Stock
Institutional investors and hedge funds have recently bought and sold shares of the company. Evolve Private Wealth LLC purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at approximately $116,000. SG Americas Securities LLC purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at approximately $3,254,000. Krilogy Financial LLC acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at approximately $215,000. OP Asset Management Ltd purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth approximately $816,000. Finally, Wasatch Advisors LP grew its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% in 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. 95.79% of the stock is currently owned by institutional investors and hedge funds.
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.
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