CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Stock Has Consensus Price Target of $8.79

Shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $8.79.

A number of equities research analysts have recently weighed in on CCC shares. Truist Financial set a $7.75 price target on CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, October 16th. Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. CJS Securities cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock to a “market perform” rating in a research note on Friday, October 16th. Citigroup boosted their target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st.

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

Several institutional investors and hedge funds have recently made changes to their positions in CCC. Ethic Inc. purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the third quarter valued at $176,000. Parallel Advisors LLC increased its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 46.1% in the 3rd quarter. Parallel Advisors LLC now owns 6,038 shares of the company’s stock valued at $40,000 after acquiring an additional 1,904 shares during the period. CenterBook Partners LP purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 3rd quarter worth $1,372,000. Kestra Advisory Services LLC purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 3rd quarter worth $100,000. Finally, Platform Technology Partners raised its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 18.2% in the 3rd quarter. Platform Technology Partners now owns 14,180 shares of the company’s stock worth $94,000 after acquiring an additional 2,182 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of CCC stock opened at $7.68 on Wednesday. The stock’s fifty day moving average price is $7.14 and its 200 day moving average price is $6.04. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1-year low of $4.08 and a 1-year high of $8.68. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 59.08 and a beta of 0.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 2.05.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The company had revenue of $294.09 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 9.11% and a net margin of 6.54%. The company’s revenue was up 10.1% compared to the same quarter last year. On average, research analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current fiscal year.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services for the property and casualty insurance economy. Its platform helps insurers, automotive repairers, automakers, parts suppliers and other industry participants manage vehicle claims and related workflows.

The company’s products support collision estimating, claims management, digital imaging, repair planning, payments, parts and supplier connectivity, and data-driven decision-making. CCC also uses artificial intelligence, analytics and automation to help customers improve claims processing, estimate vehicle damage, coordinate repairs and communicate with policyholders and service providers.

CCC’s business grew from CCC Information Services, a company established in 1980 to provide information and technology solutions to the automotive insurance and repair industries.