CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Shares Gap Up – Here’s Why

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) gapped up prior to trading on Friday . The stock had previously closed at $5.38, but opened at $5.95. CCC Intelligent Solutions Holdings Inc. Common Stock shares last traded at $5.82, with a volume of 2,386,101 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $8.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Saturday, May 9th. Wall Street Zen raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 2nd. Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.25.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 8.0%

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3.41 billion, a PE ratio of 96.85 and a beta of 0.51. The business has a fifty day moving average price of $4.82.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last posted its earnings results on Thursday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The business 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%.CCC Intelligent Solutions Holdings Inc. Common Stock’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On CCC Intelligent Solutions Holdings Inc. Common Stock

Large investors have recently added to or reduced their stakes in the company. Evolve Private Wealth LLC acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth about $116,000. SG Americas Securities LLC acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $3,254,000. Krilogy Financial LLC bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $215,000. OP Asset Management Ltd bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $816,000. Finally, Wasatch Advisors LP raised its holdings in shares of 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 valued at $169,391,000 after purchasing an additional 5,440,768 shares during the last quarter. 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.