ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Given Consensus Recommendation of "Buy" by Brokerages

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) has been given a consensus rating of "Buy" by the six analysts that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $32.86.

Separately, Macquarie reduced their price target on ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating for the company in a report on Wednesday.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC grew its holdings in ZEEKR Intelligent Technology by 248.1% during the first quarter. Millennium Management LLC now owns 266,748 shares of the company's stock worth $6,426,000 after acquiring an additional 190,126 shares during the period. Brooklyn Investment Group boosted its position in ZEEKR Intelligent Technology by 2,014.8% during the first quarter. Brooklyn Investment Group now owns 1,290 shares of the company's stock worth $31,000 after purchasing an additional 1,229 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in ZEEKR Intelligent Technology during the first quarter worth approximately $44,000. Invesco Ltd. lifted its position in shares of ZEEKR Intelligent Technology by 74.4% in the first quarter. Invesco Ltd. now owns 34,201 shares of the company's stock valued at $824,000 after acquiring an additional 14,594 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in ZEEKR Intelligent Technology by 23.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,549 shares of the company's stock worth $615,000 after buying an additional 4,811 shares in the last quarter.

ZEEKR Intelligent Technology Stock Performance

ZK traded down $1.03 during midday trading on Wednesday, hitting $26.37. The stock had a trading volume of 451,548 shares, compared to its average volume of 735,033. The company has a market cap of $6.70 billion and a P/E ratio of -9.06. The business has a fifty day moving average of $23.77 and a 200 day moving average of $25.54. ZEEKR Intelligent Technology has a 1 year low of $13.00 and a 1 year high of $33.32.

ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.39) EPS for the quarter, topping analysts' consensus estimates of ($5.08) by $4.69. The business had revenue of $3.03 billion during the quarter. On average, equities research analysts anticipate that ZEEKR Intelligent Technology will post -1.76 earnings per share for the current year.

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.

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