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

Key Points

• Wall Street Zen upgraded CCC Intelligent Solutions from hold to buy, even as other analysts remain mixed on the stock with an overall consensus rating of Hold and a $10.00 average price target.
• The stock was down 1.5% and opened at $5.13, well below its 52-week high of $10.50; the company also carries a market cap of about $3.01 billion.
• In its latest quarter, CCC Intelligent Solutions beat earnings expectations with EPS of $0.11 versus the expected $0.05, while revenue rose 11.8% year over year to $281.27 million.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

A number of other equities analysts also recently weighed in on the company. Citigroup downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $10.00 to $6.00 in a research report on Friday, April 10th. Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a "sell (d)" rating to a "sell (d+)" rating in a research report on Monday. Finally, Barrington Research reissued an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock has an average rating of "Hold" and a consensus target price of $10.00.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Down 1.5%

NASDAQ:CCC opened at $5.13 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.25 and a current ratio of 1.25. The stock 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.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.11 earnings per share (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 return on equity of 6.08% and a net margin of 3.18%.The firm's quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.25 earnings per share for the current fiscal year.

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

A number of institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company's stock worth $29,000 after acquiring an additional 4,644 shares during the period. Associated Banc Corp boosted its holdings in shares of 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 acquiring an additional 5,544 shares during the period. Pictet Asset Management Holding SA boosted 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 worth $503,000 after acquiring an additional 6,354 shares during the period. KBC Group NV boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 56.2% during the first quarter. KBC Group NV now owns 19,103 shares of the company's stock worth $115,000 after acquiring an additional 6,872 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 35.3% during the first quarter. PNC Financial Services Group Inc. now owns 33,596 shares of the company's stock worth $202,000 after acquiring an additional 8,758 shares during the period. Institutional investors own 95.79% of the company's stock.

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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