CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Sets New 1-Year Low - Should You Sell?

Key Points

• CCC hit a new 52-week low, trading as low as $4.72 and last at $4.79 on heavy volume (~17.7M shares), down from a prior close of $5.40.
• Analysts have been downgrading the stock—Citigroup cut it from "buy" to "neutral" and lowered the target from $10 to $6, Weiss initiated coverage with a "sell", and the MarketBeat consensus is a "Reduce" rating with a $6 average target.
• The company has a $2.81B market cap, a high P/E of 45, a PEG of 1.75, and about 95.8% institutional ownership, with debt/equity of 0.71 and current/quick ratios of 1.43.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $4.72 and last traded at $4.79, with a volume of 17742755 shares changing hands. The stock had previously closed at $5.40.

Analysts Set New Price Targets

A number of analysts have recently commented on CCC shares. Citigroup cut CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $10.00 to $6.00 in a research report on Friday, April 10th. Wall Street Zen cut CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating in a research note on Thursday, April 9th. Finally, Weiss Ratings initiated coverage on CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Wednesday, April 8th. They issued a "sell (d)" rating on the stock. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $6.00.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

The company has a market cap of $2.81 billion, a P/E ratio of 45.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.43 and a quick ratio of 1.43.

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

Large investors have recently bought and sold shares of the business. MQS Management LLC purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth about $90,000. Evolve Private Wealth LLC purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $116,000. Krilogy Financial LLC purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $215,000. Janney Montgomery Scott LLC bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth approximately $308,000. Finally, Pictet Asset Management Holding SA raised its holdings in shares of 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 valued at $503,000 after purchasing an additional 6,354 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.

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.

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