CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Stock Rating Upgraded by Wall Street Zen

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other equities research analysts have also recently commented on the company. 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. Citigroup cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and lowered their price target for the company from $10.00 to $6.00 in a research note on Friday, April 10th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock presently has a consensus rating of “Hold” and an average target price of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of NASDAQ CCC opened at $5.13 on Friday. The company has a market capitalization of $3.01 billion, a P/E ratio of 85.51 and a beta of 0.57. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52 week low of $4.57 and a 52 week high of $10.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.25.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its quarterly 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 business 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%.CCC Intelligent Solutions Holdings Inc. Common Stock’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.25 earnings per share for the current year.

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

Large investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth approximately $192,000. Associated Banc Corp boosted 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 worth $134,000 after purchasing an additional 5,544 shares during the period. ARQ Wealth Advisors LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth approximately $125,000. Elevation Point Wealth Partners LLC boosted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 69.3% during the first quarter. Elevation Point Wealth Partners LLC now owns 32,033 shares of the company’s stock worth $192,000 after purchasing an additional 13,112 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 8.2% during the first quarter. Pictet Asset Management Holding SA now owns 83,807 shares of the company’s stock worth $503,000 after purchasing an additional 6,354 shares during the period. Institutional investors own 95.79% of the company’s stock.

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.