CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Stock Has Average Target Price of $8.79 According to Brokerages

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

A number of research analysts recently commented on CCC shares. Barclays reduced their target price on CCC Intelligent Solutions Holdings Inc. Common Stock from $8.00 to $7.75 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. CJS Securities cut CCC Intelligent Solutions Holdings Inc. Common Stock to a “market perform” rating in a report on Friday, October 16th. William Blair cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 15th. Citigroup upped their price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Truist Financial set a $7.75 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, October 16th.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

NASDAQ:CCC opened at $7.71 on Wednesday. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 2.83 and a beta of 0.38. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52-week low of $4.08 and a 52-week high of $8.68. The stock has a fifty day moving average of $7.16 and a 200 day moving average of $6.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.05 and a current 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 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 9.11% and a net margin of 6.54%. The firm had revenue of $294.09 million for the quarter. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. On average, research analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current fiscal year.

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

Hedge funds have recently modified their holdings of the company. Voya Investment Management LLC increased its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 6.2% during the 3rd quarter. Voya Investment Management LLC now owns 44,514 shares of the company’s stock valued at $296,000 after purchasing an additional 2,580 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 39.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 883,625 shares of the company’s stock valued at $5,885,000 after purchasing an additional 250,998 shares in the last quarter. Fifth Third Bancorp raised its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 27.9% in the third quarter. Fifth Third Bancorp now owns 66,089 shares of the company’s stock worth $440,000 after buying an additional 14,415 shares in the last quarter. AlphaCore Capital LLC boosted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 211.0% during the 3rd quarter. AlphaCore Capital LLC now owns 38,003 shares of the company’s stock valued at $253,000 after acquiring an additional 25,783 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 3rd quarter worth approximately $823,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc. provides cloud-based software and data solutions for the property and casualty insurance economy. Its platform supports workflows that connect insurers, collision repair facilities, automotive manufacturers, parts suppliers and other participants involved in vehicle claims. The company’s products help manage claims from initial reporting and damage assessment through repair estimates, parts sourcing and communications. Its tools also use artificial intelligence and data analytics to support decision-making and automate aspects of claims and repair processes.