CCC Intelligent Solutions Holdings Inc. Common Stock’s (CCC) “Outperform” Rating Reaffirmed at Barrington Research

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Barrington Research in a report issued on Friday,Benzinga reports. They currently have a $14.00 price target on the stock. Barrington Research’s price target suggests a potential upside of 192.28% from the company’s current price.

Several other equities research analysts also recently issued reports on CCC. Wall Street Zen downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research note on Thursday, April 9th. Citigroup cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and lowered their price target for the company from $10.00 to $6.00 in a report on Friday, April 10th. Finally, Weiss Ratings began coverage on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Wednesday, April 8th. They issued a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.00.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $4.79 on Friday. The stock has a market capitalization 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. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1 year low of $4.72 and a 1 year high of $10.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wasatch Advisors LP boosted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% in the first quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock worth $169,391,000 after purchasing an additional 5,440,768 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 0.7% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 3,481,093 shares of the company’s stock valued at $20,887,000 after buying an additional 24,200 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth about $3,254,000. OP Asset Management Ltd acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth about $816,000. Finally, Pictet Asset Management Holding SA boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 8.2% during the 1st 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 in the last quarter. 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.