CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Stock Has Consensus Price Target of $9.12 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on CCC Intelligent Solutions, with three buy ratings and two holds. The average 12-month price target is $9.12 versus the stock’s reported price of $7.02.
• Institutional investors own 95.79% of the shares, with several firms recently initiating or expanding positions, including Wasatch Advisors, London Co. of Virginia and Alfreton Capital.
• CCC reported quarterly EPS of $0.10, beating the $0.05 consensus estimate, while revenue rose 9.8% year over year to $285.93 million. Analysts expect full-year EPS of $0.27.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $9.12.

Several brokerages have recently issued reports on CCC. Stifel Nicolaus reiterated a "buy" rating and set a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. Citigroup raised their target price on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Wall Street Zen downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday. Finally, Jefferies Financial Group set a $7.00 price target on CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 30th.

Institutional Trading of CCC Intelligent Solutions Holdings Inc. Common Stock

A number of institutional investors have recently made changes to their positions in CCC. Reinhart Partners LLC. bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the third quarter worth about $41,941,000. Wasatch Advisors LP boosted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during the 1st quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company's stock valued at $169,391,000 after purchasing an additional 5,440,768 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 2nd quarter valued at about $17,869,000. London Co. of Virginia grew its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 52.5% in the 1st quarter. London Co. of Virginia now owns 8,741,590 shares of the company's stock worth $52,450,000 after purchasing an additional 3,007,687 shares during the last quarter. Finally, Alfreton Capital LLP grew its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 22.5% in the 1st quarter. Alfreton Capital LLP now owns 10,778,074 shares of the company's stock worth $64,668,000 after purchasing an additional 1,978,074 shares during the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $7.02 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.71. CCC Intelligent Solutions Holdings Inc. Common Stock has a one year low of $4.08 and a one year high of $9.45. The business's 50-day moving average price is $6.91. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 87.76 and a beta of 0.47.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.10 earnings per share for the quarter, beating 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 firm had revenue of $285.93 million for the quarter. The company's revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current year.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services to the property and casualty insurance economy. Its platform helps insurers, collision repair facilities, automakers, parts suppliers and other participants manage automotive claims and related workflows more efficiently.

The company's products support the claims lifecycle, including digital claim intake, damage estimating, vehicle repair management, total-loss processing, payments, customer communications and analytics.

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