OP Asset Management Ltd Invests $816,000 in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

OP Asset Management Ltd bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 135,990 shares of the company’s stock, valued at approximately $816,000.

Several other large investors have also modified their holdings of the stock. Evolve Private Wealth LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at about $116,000. Krilogy Financial LLC acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at approximately $215,000. Finally, SG Americas Securities LLC bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $3,254,000. Institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barrington Research reiterated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Jefferies Financial Group reissued a “buy” rating and set a $8.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Saturday, May 9th. Citigroup cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $6.00 in a research note on Friday, April 10th. 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. Finally, 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 note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Down 2.2%

Shares of NASDAQ CCC opened at $4.90 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The stock has a 50-day simple moving average of $4.77. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52-week low of $4.08 and a 52-week high of $10.50. The company has a market capitalization of $2.88 billion, a PE ratio of 81.68 and a beta of 0.53.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last posted its earnings results on Thursday, April 30th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. The company had revenue of $281.27 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.The firm’s revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current year.

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.