CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Stock Gets Downgrade from Barrington Research

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) was downgraded by equities research analysts at Barrington Research from a “strong-buy” rating to a “strong sell” rating in a research note issued to investors on Thursday, Zacks reports.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating and set a $7.75 target price for the company. in a research report on Thursday. CJS Securities cut CCC Intelligent Solutions Holdings Inc. Common Stock to a “market perform” rating in a report on Friday. 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. Stifel Nicolaus reaffirmed a “buy” rating and issued a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Finally, Wall Street Zen cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.79.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of CCC stock traded down $0.02 during trading hours on Thursday, reaching $7.61. 105,677,928 shares of the company were exchanged, compared to its average volume of 28,801,268. CCC Intelligent Solutions Holdings Inc. Common Stock has a fifty-two week low of $4.08 and a fifty-two week high of $9.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.56. The business has a fifty day moving average price of $7.02. The firm has a market cap of $4.48 billion, a P/E ratio of 95.14 and a beta of 0.47.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.18%. The business had revenue of $285.93 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, research analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current year.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in CCC. Nykredit A S acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 2nd quarter worth $26,000. Root Financial Partners LLC increased its holdings in shares of 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 stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth about $38,000. IFP Advisors Inc increased its stake in 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 in the last quarter. Finally, WINTON GROUP Ltd acquired 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 owned by institutional investors.

Key CCC Intelligent Solutions Holdings Inc. Common Stock News

Here are the key news stories impacting CCC Intelligent Solutions Holdings Inc. Common Stock this week:

• Positive Sentiment: CCC agreed to be acquired for $7.75 per share in cash, providing shareholders with a clear takeout value and helping explain the sharp increase in trading activity. The transaction is subject to customary closing conditions and approvals. CCC Intelligent Solutions acquisition announcement
• Positive Sentiment: The offer is backed by major private-equity investors, GTCR and Elliott, which may support confidence in the financing and execution of the transaction. Reports variously describe the deal’s value based on enterprise or equity value, while CCC’s announcement cites approximately $6.1 billion in enterprise value. CCC acquisition terms
• Neutral Sentiment: Trading in CCC was temporarily halted for “news pending” before the acquisition announcement. With shares trading close to the offer price, further upside may be limited unless a competing bid emerges or the deal terms improve. GTCR and Elliott acquisition report
• Negative Sentiment: Several shareholder-rights law firms, including Ademi LLP, Halper Sadeh and Brodsky & Smith, announced investigations into whether $7.75 per share fairly values CCC, whether insiders received benefits and whether the board adequately pursued competing offers. These investigations could create deal-related delays or pressure for improved terms, although they do not by themselves indicate that the transaction will fail. Ademi shareholder investigation

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services to the property and casualty insurance economy. Its platform helps insurers, collision repair facilities, automakers, parts suppliers and other participants manage automotive claims and related workflows more efficiently.

The company’s products support the claims lifecycle, including digital claim intake, damage estimating, vehicle repair management, total-loss processing, payments, customer communications and analytics.