CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Stock Sees Unusually High Call Option Buying

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) was the recipient of unusually large options trading activity on Monday. Stock investors bought 4,407 call options on the stock. This is an increase of 469% compared to the average volume of 774 call options.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Up 9.8%

Shares of NASDAQ:CCC traded up $0.69 on Monday, hitting $7.71. The company had a trading volume of 18,053,992 shares, compared to its average volume of 11,534,525. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1-year low of $4.08 and a 1-year high of $9.45. The company has a market cap of $4.54 billion, a PE ratio of 96.39 and a beta of 0.47. The stock’s 50 day moving average is $6.91. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71.

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

Analyst Ratings Changes

A number of analysts recently issued reports on CCC shares. Jefferies Financial Group set a $7.00 target price on CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 30th. Wall Street Zen downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Stifel Nicolaus reiterated a “buy” rating and set a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Citigroup boosted their target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $9.12.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Root Financial Partners LLC increased its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during 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 during the period. Nykredit A S acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 2nd quarter worth approximately $26,000. Essential Partners LLC acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $38,000. IFP Advisors Inc increased its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% during the second quarter. IFP Advisors Inc now owns 8,179 shares of the company’s stock worth $42,000 after purchasing an additional 4,088 shares during the period. Finally, Essex Financial Services Inc. bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth approximately $61,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

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.