CCC Intelligent Solutions Holdings Inc. Common Stock (CCC) – What Are Investment Firms Thinking About This Stock?

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC – Get Free Report) has received an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $8.79.

Several brokerages have weighed in on CCC. William Blair cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 15th. Barclays cut their price target on CCC Intelligent Solutions Holdings Inc. Common Stock from $8.00 to $7.75 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Weiss Ratings upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Barrington Research downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 15th. Finally, 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.

Get Our Latest Research Report on CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of NASDAQ CCC opened at $7.68 on Wednesday. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52-week low of $4.08 and a 52-week high of $8.68. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 59.08 and a beta of 0.38. The stock has a 50 day moving average price of $7.14 and a 200 day moving average price of $6.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.05 and a current ratio of 2.05.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.06 by $0.07. The company had revenue of $294.09 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 9.11% and a net margin of 6.54%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On CCC Intelligent Solutions Holdings Inc. Common Stock

Several large investors have recently modified their holdings of CCC. Principal Financial Group Inc. boosted its holdings 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 buying an additional 1,189,466 shares in the last quarter. Bank of America Corp DE raised its stake 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 acquiring an additional 324,678 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,043,781 shares of the company’s stock worth $66,254,000 after acquiring an additional 695,892 shares in the last quarter. Finally, Alfreton Capital LLP lifted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 22.5% during the first quarter. Alfreton Capital LLP now owns 10,778,074 shares of the company’s stock valued at $64,668,000 after acquiring an additional 1,978,074 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

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 helps insurers, automotive repairers, automakers, parts suppliers and other industry participants manage vehicle claims and related workflows.

The company’s products support collision estimating, claims management, digital imaging, repair planning, payments, parts and supplier connectivity, and data-driven decision-making. CCC also uses artificial intelligence, analytics and automation to help customers improve claims processing, estimate vehicle damage, coordinate repairs and communicate with policyholders and service providers.

CCC’s business grew from CCC Information Services, a company established in 1980 to provide information and technology solutions to the automotive insurance and repair industries.

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

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