CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Rating Lowered to “Neutral” at Citigroup

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) was downgraded by equities researchers at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Friday, MarketBeat reports. They currently have a $6.00 target price on the stock, down from their prior target price of $10.00. Citigroup’s price target would suggest a potential upside of 20.24% from the company’s current price.

A number of other research analysts have also weighed in on CCC. Weiss Ratings initiated coverage on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Wednesday. They set a “sell (d)” rating on the stock. Wall Street Zen lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock has a consensus rating of “Reduce” and a consensus price target of $6.00.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

CCC opened at $4.99 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.43 and a current ratio of 1.43. CCC Intelligent Solutions Holdings Inc. Common Stock has a fifty-two week low of $4.80 and a fifty-two week high of $10.50. The stock has a market cap of $2.93 billion, a P/E ratio of 41.58, a PEG ratio of 1.62 and a beta of 0.71.

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.