CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Stock Price Up 8.7% – Still a Buy?

Shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) rose 8.7% during mid-day trading on Friday . The company traded as high as $4.88 and last traded at $4.88. 2,242,679 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 11,876,968 shares. The stock had previously closed at $4.49.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCC. Wall Street Zen upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, April 24th. Jefferies Financial Group reiterated a “buy” rating and issued a $8.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Saturday, May 9th. 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, May 4th. Finally, Citigroup cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and dropped their target price for the company from $10.00 to $6.00 in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 8.7%

The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day simple moving average of $4.79. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 81.35 and a beta of 0.53.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. The firm had revenue of $281.27 million during 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 business’s revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of CCC Intelligent Solutions Holdings Inc. Common Stock

A number of institutional investors and hedge funds have recently modified their holdings of CCC. Root Financial Partners LLC boosted its position 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 valued at $29,000 after buying an additional 4,644 shares during the last quarter. Essential Partners LLC purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $38,000. Essex Financial Services Inc. purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $61,000. Kera Capital Partners Inc. bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth approximately $62,000. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth approximately $65,000. 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.