Analysts Set CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Target Price at $9.25

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) has been given a consensus recommendation of “Hold” by the five research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $9.25.

A number of equities research analysts have issued reports on CCC shares. Wall Street Zen raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Stifel Nicolaus restated 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. Barrington Research restated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $8.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Saturday, May 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth $3,254,000. Wasatch Advisors LP grew its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during the 1st quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock valued at $169,391,000 after acquiring an additional 5,440,768 shares during the period. OP Asset Management Ltd bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth $816,000. Associated Banc Corp lifted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 33.0% during the first quarter. Associated Banc Corp now owns 22,368 shares of the company’s stock valued at $134,000 after purchasing an additional 5,544 shares in the last quarter. Finally, ARQ Wealth Advisors LLC purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $125,000. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

NASDAQ:CCC opened at $5.43 on Thursday. The company has a market cap of $3.19 billion, a P/E ratio of 90.52 and a beta of 0.51. The stock has a 50 day moving average price of $4.81. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1-year low of $4.08 and a 1-year high of $10.50.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its earnings results on Thursday, April 30th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.18% and a return on equity of 6.08%. The company had revenue of $281.27 million for the quarter. The company’s revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 EPS for the current year.

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.