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

Cheche Group (NASDAQ:CCG) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report released on Thursday, Zacks reports.

Several other research analysts have also weighed in on the stock. Maxim Group lowered shares of Cheche Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Cheche Group to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheche Group in a research report on Friday, July 17th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Cheche Group Stock Performance

Shares of NASDAQ CCG opened at $15.96 on Thursday. The firm has a market capitalization of $31.60 million, a P/E ratio of -5.70 and a beta of 0.18. Cheche Group has a one year low of $10.20 and a one year high of $53.90. The company’s fifty day moving average is $14.91 and its two-hundred day moving average is $20.17.

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

Institutional Investors Weigh In On Cheche Group

Several institutional investors and hedge funds have recently made changes to their positions in CCG. Citadel Advisors LLC purchased a new position in Cheche Group during the 2nd quarter valued at about $63,000. XTX Topco Ltd acquired a new position in shares of Cheche Group during the 4th quarter worth approximately $30,000. Finally, Centiva Capital LP acquired a new position in shares of Cheche Group during the 3rd quarter worth approximately $27,000. 19.76% of the stock is currently 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.