SG Americas Securities LLC Takes Position in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

SG Americas Securities LLC acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 542,286 shares of the company’s stock, valued at approximately $3,254,000. SG Americas Securities LLC owned approximately 0.09% of CCC Intelligent Solutions Holdings Inc. Common Stock at the end of the most recent quarter.

Separately, Evolve Private Wealth LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at approximately $116,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CCC. Barrington Research reissued an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, April 24th. Jefferies Financial Group restated a “buy” rating and set a $8.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Saturday, May 9th. Citigroup downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $6.00 in a report on Friday, April 10th. 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. Finally, Wall Street Zen upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of CCC opened at $5.16 on Wednesday. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 86.01 and a beta of 0.53. The stock has a 50 day moving average price of $4.76. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.25 and a current ratio of 1.25. 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 quarterly earnings results on Thursday, April 30th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $281.27 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.18% and a return on equity of 6.08%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share 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.