Cheche Group (NASDAQ:CCG) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Cheche Group (NASDAQ:CCG) to a hold rating in a report published on Thursday morning,Zacks reports.

Several other brokerages have also recently issued reports on CCG. Maxim Group cut Cheche Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Weiss Ratings restated a “sell (e+)” rating on shares of Cheche Group in a report on Friday, July 17th. Finally, Wall Street Zen raised Cheche Group to a “sell” rating in a research report on Saturday. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cheche Group presently has a consensus rating of “Reduce”.

Cheche Group Stock Performance

Shares of CCG stock opened at $15.96 on Thursday. Cheche Group has a fifty-two week low of $10.20 and a fifty-two week high of $53.90. The company has a 50 day moving average price of $14.91 and a 200 day moving average price of $20.17. The stock has a market capitalization of $31.60 million, a P/E ratio of -5.70 and a beta of 0.18.

Cheche Group (NASDAQ:CCG) last released its earnings results on Friday, September 4th. The company reported ($1.37) earnings per share (EPS) for the quarter. The business had revenue of $65.14 million for the quarter. On average, research analysts forecast that Cheche Group will post -2.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Cheche Group

Several institutional investors have recently modified their holdings of CCG. Citadel Advisors LLC purchased a new position in Cheche Group in the second quarter valued at $63,000. XTX Topco Ltd acquired a new position in shares of Cheche Group during the 4th quarter worth about $30,000. Finally, Centiva Capital LP acquired a new position in shares of Cheche Group during the 3rd quarter worth about $27,000. 19.76% of the stock is owned by hedge funds and other institutional investors.

Cheche Group Company Profile

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.