Zhihu Inc. (NYSE:ZH)’s stock price dropped 14.1% during trading on Monday . The stock traded as low as $8.03 and last traded at $8.03. Approximately 52,940 shares were traded during trading, a decline of 98% from the average daily volume of 2,152,794 shares. The stock had previously closed at $9.35.
ZH has been the subject of several recent analyst reports. CICC Research initiated coverage on shares of Zhihu in a research note on Wednesday, June 2nd. They set an “outperform” rating for the company. 86 Research started coverage on shares of Zhihu in a research note on Thursday, July 15th. They set a “buy” rating and a $14.00 price objective for the company. Finally, Zacks Investment Research raised shares of Zhihu from a “sell” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.20.
The stock has a 50 day moving average of $10.23.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Zhihu by 13.7% in the 2nd quarter. BlackRock Inc. now owns 6,823,979 shares of the company’s stock valued at $92,532,000 after purchasing an additional 823,979 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in Zhihu during the 2nd quarter valued at $57,335,000. Luxor Capital Group LP raised its holdings in Zhihu by 40,530.4% during the 2nd quarter. Luxor Capital Group LP now owns 4,063,039 shares of the company’s stock valued at $55,095,000 after buying an additional 4,053,039 shares during the last quarter. Barings LLC raised its holdings in Zhihu by 6.2% during the 2nd quarter. Barings LLC now owns 3,953,404 shares of the company’s stock valued at $53,608,000 after buying an additional 232,500 shares during the last quarter. Finally, Aspex Management HK Ltd bought a new stake in Zhihu during the 1st quarter valued at $31,629,000. 6.10% of the stock is owned by institutional investors.
About Zhihu (NYSE:ZH)
Zhihu Inc operates an online content community platform in the People's Republic of China. The company's community allows people to seek inspiration, find solutions, make decisions, and have fun. It also offers technology, business support, and consulting services; information and marketing services; and Internet services.
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