Shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC – Get Free Report) saw strong trading volume on Thursday. 126,447,729 shares traded hands during trading, an increase of 954% from the previous session’s volume of 11,999,581 shares. The stock last traded at $7.62 and had previously closed at $7.64.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on CCC shares. Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Jefferies Financial Group set a $7.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 30th. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. Wall Street Zen lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Citigroup upped their price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.12.
Check Out Our Latest Analysis on CCC Intelligent Solutions Holdings Inc. Common Stock
CCC Intelligent Solutions Holdings Inc. Common Stock Trading Down 0.4%
CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC – Get Free Report) last released its quarterly earnings results 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 business had revenue of $285.93 million during 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 quarterly revenue was up 9.8% on a year-over-year basis. Research analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% during the first quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock worth $227,091,000 after buying an additional 1,189,466 shares in the last quarter. Van Berkom & Associates Inc. raised its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% in the first quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock valued at $81,091,000 after purchasing an additional 1,814,248 shares during the last quarter. WCM Investment Management LLC bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at about $4,978,000. Bank of America Corp DE lifted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2.4% during the 1st quarter. Bank of America Corp DE now owns 14,004,344 shares of the company’s stock worth $84,026,000 after buying an additional 324,678 shares in the last quarter. Finally, Reinhart Partners LLC. bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 3rd quarter worth approximately $41,941,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.
About CCC Intelligent Solutions Holdings Inc. Common Stock
CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services to the property and casualty insurance economy. Its platform helps insurers, collision repair facilities, automakers, parts suppliers and other participants manage automotive claims and related workflows more efficiently.
The company’s products support the claims lifecycle, including digital claim intake, damage estimating, vehicle repair management, total-loss processing, payments, customer communications and analytics.
Featured Articles
- Five stocks we like better than CCC Intelligent Solutions Holdings Inc. Common Stock
- Synopsys Signals Confidence With $1B Accelerated Buyback, Analysts Raise Targets
- Domino’s Pizza: As Cheap As It Gets, Nowhere to Go But Up
- Apple Cut iPhone 18 Orders; What Does It Mean For Suppliers?
- Failed Breakout in Tech? 3 Sectors Leading the Market Rotation
Receive News & Ratings for CCC Intelligent Solutions Holdings Inc. Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CCC Intelligent Solutions Holdings Inc. Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.
