ZEEKR Intelligent Technology (NYSE:ZK) Shares Gap Up – Here’s What Happened

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) gapped up before the market opened on Thursday . The stock had previously closed at $25.04, but opened at $26.87. ZEEKR Intelligent Technology shares last traded at $25.07, with a volume of 533,068 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ZK shares. Macquarie assumed coverage on shares of ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 target price on the stock. CICC Research began coverage on shares of ZEEKR Intelligent Technology in a research note on Friday, October 25th. They set an “outperform” rating and a $31.74 target price for the company. Finally, Bank of America lowered their price target on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, ZEEKR Intelligent Technology has an average rating of “Buy” and a consensus price target of $32.02.

ZEEKR Intelligent Technology Trading Up 2.9 %

The stock’s fifty day moving average is $21.11.

ZEEKR Intelligent Technology (NYSE:ZK) last released its quarterly earnings results on Wednesday, August 21st. The company reported ($1.31) EPS for the quarter. The firm had revenue of $2.76 billion during the quarter. On average, analysts anticipate that ZEEKR Intelligent Technology Holding Limited will post -2.2 EPS for the current fiscal year.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Several institutional investors have recently bought and sold shares of ZK. Point72 Hong Kong Ltd acquired a new position in ZEEKR Intelligent Technology during the 2nd quarter valued at about $31,236,000. Point72 Asset Management L.P. acquired a new position in shares of ZEEKR Intelligent Technology during the second quarter valued at about $20,388,000. Millennium Management LLC purchased a new position in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at approximately $17,478,000. Prudential PLC acquired a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth approximately $4,194,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in ZEEKR Intelligent Technology during the 2nd quarter worth approximately $2,736,000.

About ZEEKR Intelligent Technology

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.