Cheche Group (NASDAQ:CCG) Cut to Hold at Maxim Group

Maxim Group downgraded shares of Cheche Group (NASDAQ:CCG) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, Marketbeat reports. Maxim Group also issued estimates for Cheche Group’s FY2026 earnings at ($2.79) EPS and FY2027 earnings at ($0.56) EPS.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheche Group in a research note on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Cheche Group Stock Performance

Shares of NASDAQ CCG opened at $15.96 on Wednesday. The firm has a market cap of $31.60 million, a PE ratio of -5.70 and a beta of 0.18. The firm has a fifty day moving average of $14.91 and a 200 day moving average of $20.17. Cheche Group has a one year low of $10.20 and a one year high of $53.90.

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

Institutional Trading of Cheche Group

Several large investors have recently made changes to their positions in the company. Centiva Capital LP acquired a new position in Cheche Group in the 3rd quarter valued at $27,000. XTX Topco Ltd acquired a new stake in Cheche Group during the 4th quarter worth $30,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Cheche Group during the second quarter worth $63,000. 19.76% of the stock is currently owned by hedge funds and other 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.