CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Shares Gap Up – Time to Buy?

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $4.52, but opened at $4.71. CCC Intelligent Solutions Holdings Inc. Common Stock shares last traded at $4.86, with a volume of 820,527 shares trading hands.

Analyst Upgrades and Downgrades

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

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 76.51 and a beta of 0.57. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

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

Institutional Trading of CCC Intelligent Solutions Holdings Inc. Common Stock

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ARQ Wealth Advisors LLC acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at approximately $125,000. Granite Investment Partners LLC increased its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 4.4% during the 1st quarter. Granite Investment Partners LLC now owns 709,870 shares of the company’s stock valued at $4,259,000 after purchasing an additional 30,235 shares during the period. Elevation Point Wealth Partners LLC increased its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 69.3% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 32,033 shares of the company’s stock valued at $192,000 after purchasing an additional 13,112 shares during the period. Root Financial Partners LLC increased its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the 1st 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. Finally, Essex Financial Services Inc. acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at approximately $61,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

About CCC Intelligent Solutions Holdings Inc. Common Stock

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.