Barrington Research Reiterates “Outperform” Rating for CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)‘s stock had its “outperform” rating reiterated by equities research analysts at Barrington Research in a report issued on Friday,Benzinga reports. They presently have a $14.00 price target on the stock. Barrington Research’s target price indicates a potential upside of 181.12% from the company’s current price.

A number of other research analysts have also recently weighed in on CCC. Wall Street Zen cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. Citigroup lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and dropped their target price for the company from $10.00 to $6.00 in a research report on Friday, April 10th. Finally, Weiss Ratings started coverage on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Wednesday, April 8th. They issued a “sell (d)” rating on the stock. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock presently has an average rating of “Hold” and an average price target of $10.00.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 4.0%

CCC opened at $4.98 on Friday. CCC Intelligent Solutions Holdings Inc. Common Stock has a fifty-two week low of $4.72 and a fifty-two week high of $10.50. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 39.92, a PEG ratio of 1.55 and a beta of 0.71.

Institutional Trading of CCC Intelligent Solutions Holdings Inc. Common Stock

Several institutional investors have recently modified their holdings of CCC. Evolve Private Wealth LLC acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at about $116,000. SG Americas Securities LLC acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at about $3,254,000. Krilogy Financial LLC acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at about $215,000. OP Asset Management Ltd acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at about $816,000. Finally, Wasatch Advisors LP grew its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% in the first quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock valued at $169,391,000 after purchasing an additional 5,440,768 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

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.