Zhihu (NYSE:ZH) Stock Price Up 2.5% - Should You Buy?

Key Points

• Zhihu Inc. shares increased by 2.5% on Monday, trading at $4.36, with a notable drop in trading volume compared to its average.
• Recent analyst upgrades include a shift from "hold" to "buy" by Wall Street Zen, while Weiss Ratings upgraded the stock from "sell" to "hold."
• Institutional investors have significantly increased their holdings in Zhihu, with 28.92% of the company's stock now owned by hedge funds and institutions.

Shares of Zhihu Inc. Sponsored ADR (NYSE:ZH - Get Free Report) rose 2.5% on Monday . The stock traded as high as $4.38 and last traded at $4.36. Approximately 127,443 shares were traded during trading, a decline of 51% from the average daily volume of 257,576 shares. The stock had previously closed at $4.25.

Analyst Ratings Changes

ZH has been the subject of several research reports. Wall Street Zen upgraded Zhihu from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Weiss Ratings raised Zhihu from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $4.70.

Zhihu Stock Performance

The firm has a 50 day simple moving average of $4.86 and a 200 day simple moving average of $4.34. The firm has a market cap of $384.07 million, a P/E ratio of 19.80 and a beta of 0.24.

Institutional Trading of Zhihu

Several institutional investors and hedge funds have recently modified their holdings of ZH. PFG Investments LLC purchased a new stake in shares of Zhihu in the 1st quarter valued at about $327,000. New York State Common Retirement Fund raised its holdings in shares of Zhihu by 64.7% in the 1st quarter. New York State Common Retirement Fund now owns 52,144 shares of the company's stock valued at $223,000 after acquiring an additional 20,478 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Zhihu in the 1st quarter valued at about $55,000. National Bank of Canada FI raised its holdings in shares of Zhihu by 20,090,000.0% in the 1st quarter. National Bank of Canada FI now owns 200,901 shares of the company's stock valued at $858,000 after acquiring an additional 200,900 shares in the last quarter. Finally, MY.Alpha Management HK Advisors Ltd purchased a new stake in shares of Zhihu in the 1st quarter valued at about $7,231,000. Hedge funds and other 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.

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