Cheche Group (NASDAQ:CCG) Issues Earnings Results

Cheche Group (NASDAQ:CCG) announced its earnings results on Friday. The company reported ($1.37) EPS for the quarter, reports. The business had revenue of $65.14 million for the quarter.

Cheche Group Stock Performance

Shares of CCG stock opened at $16.02 on Friday. Cheche Group has a 12-month low of $10.20 and a 12-month high of $53.90. The business’s fifty day simple moving average is $15.17 and its 200-day simple moving average is $20.64. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.03. The company has a market cap of $31.72 million, a PE ratio of -5.72 and a beta of 0.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new stake in Cheche Group in the second quarter valued at about $63,000. XTX Topco Ltd purchased a new stake in shares of Cheche Group during the fourth quarter worth about $30,000. Finally, Centiva Capital LP purchased a new stake in shares of Cheche Group during the third quarter worth about $27,000. 19.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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, Cheche Group 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.