CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Hits New 12-Month Low – Here’s Why

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $4.72 and last traded at $4.79, with a volume of 17742755 shares. The stock had previously closed at $5.40.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CCC shares. Barrington Research restated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday. Weiss Ratings started coverage on CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Wednesday, April 8th. They issued a “sell (d)” rating for the company. Wall Street Zen cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Citigroup cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $6.00 in a report on Friday, April 10th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock presently has an average rating of “Hold” and a consensus target price of $10.00.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 39.92, a P/E/G ratio of 1.55 and a beta of 0.71.

Institutional Investors Weigh In On CCC Intelligent Solutions Holdings Inc. Common Stock

A number of hedge funds have recently added to or reduced their stakes in CCC. Evolve Private Wealth LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at $116,000. SG Americas Securities LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at $3,254,000. Krilogy Financial LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at $215,000. OP Asset Management Ltd acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at $816,000. Finally, Wasatch Advisors LP increased its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during 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. 95.79% of the stock is currently owned by institutional investors.

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.