CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Given Buy Rating at Stifel Nicolaus

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a research note issued to investors on Thursday,Benzinga reports. They currently have a $9.00 price target on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 61.29% from the company’s previous close.

A number of other brokerages also recently weighed in on CCC. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, April 24th. Weiss Ratings raised 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 CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Citigroup downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $6.00 in a research report on Friday, April 10th. Finally, 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. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.25.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 3.7%

Shares of CCC traded up $0.20 during midday trading on Thursday, reaching $5.58. 1,534,716 shares of the stock were exchanged, compared to its average volume of 11,924,111. CCC Intelligent Solutions Holdings Inc. Common Stock has a twelve month low of $4.08 and a twelve month high of $10.50. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $4.76. The stock has a market capitalization of $3.28 billion, a P/E ratio of 93.02 and a beta of 0.51.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its earnings results on Thursday, April 30th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.18% and a return on equity of 6.08%. The company had revenue of $281.27 million for the quarter. The firm’s revenue was up 11.8% compared to the same quarter last year. As a group, analysts predict that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current year.

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

Several institutional investors have recently added to or reduced their stakes in CCC. Root Financial Partners LLC boosted 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 worth $29,000 after acquiring an additional 4,644 shares in the last quarter. Essential Partners LLC acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth approximately $38,000. Essex Financial Services Inc. acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth approximately $61,000. Kera Capital Partners Inc. bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth $62,000. Finally, Citizens Financial Group Inc. RI bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth $65,000. 95.79% of the stock is owned by institutional investors and hedge funds.

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.