CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Sets New 12-Month Low – Here’s What Happened

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $4.50 and last traded at $4.52, with a volume of 8482525 shares traded. The stock had previously closed at $4.88.

Analysts Set New Price Targets

Several research analysts recently issued reports on CCC shares. Barrington Research restated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Weiss Ratings upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Citigroup lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and reduced their target price for the company from $10.00 to $6.00 in a report on Friday, April 10th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $8.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Up 0.5%

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 capitalization of $2.49 billion, a PE ratio of 70.68 and a beta of 0.57.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.06. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.The business had revenue of $281.27 million for the quarter. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Research analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.25 EPS for the current fiscal year.

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

A number of institutional investors have recently bought and sold shares of CCC. Root Financial Partners LLC grew its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% in the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock valued at $29,000 after purchasing an additional 4,644 shares during the period. Essex Financial Services Inc. purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at approximately $61,000. Kera Capital Partners Inc. purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at approximately $62,000. Citizens Financial Group Inc. RI purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at approximately $65,000. Finally, Meeder Advisory Services Inc. purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at approximately $87,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

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.