CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) released its quarterly earnings data on Thursday. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07, FiscalAI reports. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 6.54% and a return on equity of 9.22%. The business had revenue of $294.09 million during the quarter. The company’s revenue for the quarter was up 10.1% on a year-over-year basis.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

NASDAQ:CCC opened at $7.65 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71. CCC Intelligent Solutions Holdings Inc. Common Stock has a 12-month low of $4.08 and a 12-month high of $9.44. The stock has a 50-day moving average price of $7.13 and a 200 day moving average price of $6.02. The stock has a market capitalization of $4.51 billion, a P/E ratio of 58.85 and a beta of 0.47.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. CJS Securities cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock to a “market perform” rating in a report on Friday, October 16th. Jefferies Financial Group lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating and set a $7.75 price target for the company. in a report on Thursday, October 15th. 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. Finally, Citigroup raised their price target 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 report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.79.

Institutional Trading of CCC Intelligent Solutions Holdings Inc. Common Stock

A number of institutional investors have recently bought and sold shares of the stock. Nykredit A S acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 2nd quarter worth about $26,000. 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. Essential Partners LLC acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth $38,000. IFP Advisors Inc raised its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% during the 2nd quarter. IFP Advisors Inc now owns 8,179 shares of the company’s stock worth $42,000 after purchasing an additional 4,088 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 2nd quarter worth approximately $53,000. 95.79% of the stock is currently owned by institutional investors.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

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.