Cheche Group (NASDAQ:CCG) Releases Earnings Results

Cheche Group (NASDAQ:CCG) released its quarterly earnings data on Friday. The company reported ($1.37) earnings per share for the quarter, reports. The company had revenue of $65.14 million for the quarter.

Cheche Group Stock Up 2.8%

NASDAQ CCG traded up $0.43 during trading hours on Friday, reaching $16.02. 41,926 shares of the company’s stock were exchanged, compared to its average volume of 7,623. The company’s 50-day moving average is $15.15 and its two-hundred day moving average is $20.67. Cheche Group has a one year low of $10.20 and a one year high of $53.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $31.72 million, a price-to-earnings ratio of -5.72 and a beta of 0.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in shares of Cheche Group during the second quarter worth $63,000. XTX Topco Ltd bought a new stake in shares of Cheche Group in the fourth quarter valued at about $30,000. Finally, Centiva Capital LP acquired a new position in shares of Cheche Group during the third quarter worth about $27,000. Institutional investors and hedge funds own 19.76% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheche Group in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.