SG Americas Securities LLC Takes $3.25 Million Position in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

SG Americas Securities LLC acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 542,286 shares of the company’s stock, valued at approximately $3,254,000.

Separately, Evolve Private Wealth LLC purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $116,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analyst Ratings Changes

CCC has been the topic of several recent research reports. Weiss Ratings upgraded 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. Jefferies Financial Group reissued a “buy” rating and set a $8.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Saturday, May 9th. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, April 24th. Citigroup downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $10.00 to $6.00 in a research note on Friday, April 10th. Finally, Wall Street Zen upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

NASDAQ CCC opened at $5.16 on Wednesday. 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 company has a market capitalization of $3.03 billion, a PE ratio of 86.01 and a beta of 0.53. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1 year low of $4.08 and a 1 year high of $10.50. The business has a 50-day simple moving average of $4.76.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released 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. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.The business had revenue of $281.27 million during the quarter. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities research analysts anticipate 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 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.