Cheche Group (NASDAQ:CCG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cheche Group (NASDAQ:CCG – Free Report) to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

Several other research firms have also commented on CCG. Weiss Ratings reissued a “sell (e+)” rating on shares of Cheche Group in a research report on Friday, July 17th. Maxim Group downgraded Cheche Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

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Cheche Group Price Performance

Shares of CCG opened at $14.61 on Friday. The firm has a market capitalization of $28.93 million, a price-to-earnings ratio of -5.22 and a beta of 0.18. Cheche Group has a 1-year low of $10.20 and a 1-year high of $53.90. The company has a 50-day moving average of $14.87 and a 200 day moving average of $20.03.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cheche Group stock. Citadel Advisors LLC acquired a new stake in shares of Cheche Group Inc. (NASDAQ:CCG – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 117,080 shares of the company’s stock, valued at approximately $63,000. Citadel Advisors LLC owned about 5.93% of Cheche Group at the end of the most recent reporting period. 19.76% of the stock is currently owned by institutional investors and hedge funds.

Cheche Group Company Profile

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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.

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