Citigroup Cuts Zhihu (NYSE:ZH) Price Target to $5.40

Zhihu (NYSE:ZH) had its price objective reduced by Citigroup from $8.40 to $5.40 in a research note published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Zhihu Price Performance

NYSE:ZH opened at $3.00 on Thursday. Zhihu has a 1 year low of $2.95 and a 1 year high of $7.50. The stock’s 50 day simple moving average is $3.76 and its two-hundred day simple moving average is $4.51. The company has a market cap of $307.77 million, a price-to-earnings ratio of -2.63 and a beta of 0.18.

Zhihu (NYSE:ZH) last released its quarterly earnings data on Tuesday, March 26th. The company reported ($0.18) earnings per share (EPS) for the quarter. Zhihu had a negative return on equity of 16.46% and a negative net margin of 19.78%. The firm had revenue of $160.33 million during the quarter.

Hedge Funds Weigh In On Zhihu

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in shares of Zhihu by 244.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 41,649 shares of the company’s stock valued at $39,000 after purchasing an additional 29,546 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Zhihu by 237.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 38,406 shares of the company’s stock valued at $40,000 after acquiring an additional 27,024 shares during the last quarter. Caxton Associates LP grew its position in Zhihu by 109.1% in the 3rd quarter. Caxton Associates LP now owns 112,330 shares of the company’s stock valued at $117,000 after acquiring an additional 58,617 shares during the last quarter. PFG Investments LLC bought a new position in Zhihu in the 1st quarter valued at $390,000. Finally, Nomura Holdings Inc. grew its position in Zhihu by 17.6% in the 4th quarter. Nomura Holdings Inc. now owns 450,000 shares of the company’s stock valued at $421,000 after acquiring an additional 67,200 shares during the last quarter. Institutional investors own 28.92% of the company’s stock.

About Zhihu

Zhihu Inc operates an online content community in the People's Republic of China. Its community allows people to seek inspiration, find solutions, make decisions, and have fun. The company offers technology, business support, and consulting services; information transmission, software, and information technology services.