Cheche Group (NASDAQ:CCG) Upgraded by Wall Street Zen to Sell Rating

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

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

Cheche Group Price Performance

NASDAQ CCG opened at $15.96 on Friday. The stock has a market capitalization of $31.60 million, a PE ratio of -5.70 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 business’s 50-day moving average is $14.91 and its 200 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) EPS for the quarter. The company had revenue of $65.14 million during the quarter. As a group, equities research analysts anticipate that Cheche Group will post -2.79 earnings per share for the current year.

Institutional Investors Weigh In On Cheche Group

Several hedge funds have recently made changes to their positions in CCG. Centiva Capital LP purchased a new stake in Cheche Group in the third quarter worth $27,000. XTX Topco Ltd purchased a new position in Cheche Group during the fourth quarter valued at $30,000. Finally, Citadel Advisors LLC purchased a new position in Cheche Group during the second quarter valued at $63,000. 19.76% of the stock is currently owned by institutional investors.

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.