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

Cheche Group (NASDAQ:CCG) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

CCG has been the topic of several other reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheche Group in a report on Friday, July 17th. Maxim Group lowered Cheche Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of Cheche Group to a “sell” rating in a research note on Saturday. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cheche Group presently has an average rating of “Reduce”.

Cheche Group Stock Performance

Shares of CCG stock opened at $15.96 on Thursday. The stock’s fifty day moving average is $14.91 and its two-hundred day moving average is $20.17. 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 fifty-two week low of $10.20 and a fifty-two week high of $53.90.

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

Institutional Trading of Cheche Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Centiva Capital LP acquired a new stake in shares of Cheche Group during the third quarter worth about $27,000. XTX Topco Ltd purchased a new position in Cheche Group during the 4th quarter worth $30,000. Finally, Citadel Advisors LLC purchased a new position in Cheche Group during the second quarter worth about $63,000. Hedge funds and other institutional investors own 19.76% of the company’s stock.

About Cheche Group

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.