CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on CCC, based on one sell, one hold and three buy recommendations. The average 12-month price target is $9.13, with individual targets ranging from $7 to $14.
• CCC reported quarterly earnings of $0.10 per share, exceeding the $0.05 consensus estimate, while revenue rose 9.8% year over year to $285.93 million. Analysts expect full-year earnings of approximately $0.27 per share.
• Institutional investors own a substantial 95.79% of the company, with several major holders increasing their positions during the second quarter.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) has been assigned a consensus rating of "Hold" from the five ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.1250.

CCC has been the topic of several research analyst reports. Stifel Nicolaus reaffirmed a "buy" rating and set a $9.00 price objective 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 issued a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, April 24th. Jefferies Financial Group set a $7.00 price target on CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 30th. Weiss Ratings reiterated a "sell (d+)" rating on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, July 31st. Finally, Wall Street Zen lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

Shares of NASDAQ CCC opened at $7.45 on Friday. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52-week low of $4.08 and a 52-week high of $10.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $4.39 billion, a PE ratio of 93.14 and a beta of 0.50. The firm's 50 day moving average price is $5.82.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.18%. The company had revenue of $285.93 million for the quarter. The company's revenue was up 9.8% compared to the same quarter last year. Analysts predict that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current fiscal year.

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

Several large investors have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the 2nd quarter valued at $124,000. Ancora Advisors LLC increased its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 92.2% during the 2nd quarter. Ancora Advisors LLC now owns 1,202,870 shares of the company's stock worth $6,207,000 after purchasing an additional 577,050 shares in the last quarter. Thornburg Investment Management Inc. increased its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 240.5% during the 2nd quarter. Thornburg Investment Management Inc. now owns 1,524,462 shares of the company's stock worth $7,866,000 after purchasing an additional 1,076,718 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 1.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,362,103 shares of the company's stock valued at $7,028,000 after purchasing an additional 21,017 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 2nd quarter valued at about $17,869,000. 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.

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