Zhihu (NYSE:ZH) Stock Rating Lowered by Weiss Ratings

Key Points

• Zhihu's stock rating has been downgraded from "hold (c-)" to "sell (d+)" by Weiss Ratings, while Wall Street Zen upgraded it from "hold" to "buy." Currently, the average rating for Zhihu is "Hold" with a consensus price target of $4.70.
• Shares of Zhihu have seen a slight increase of 1.0%, trading at $4.35, with a market capitalization of $383.19 million and a 12-month trading range between $3.13 and $6.32.
• Recent activity indicates that institutional investors have increased their holdings in Zhihu, with notable purchases including approximately $431,000 by Jump Financial LLC during the first quarter.

Zhihu (NYSE:ZH - Get Free Report) was downgraded by research analysts at Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Zhihu from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $4.70.

Zhihu Stock Up 1.0%

Shares of ZH stock traded up $0.05 on Friday, reaching $4.35. The company's stock had a trading volume of 52,341 shares, compared to its average volume of 465,479. Zhihu has a 12-month low of $3.13 and a 12-month high of $6.32. The company has a market capitalization of $383.19 million, a P/E ratio of 19.75 and a beta of 0.24. The stock's 50 day simple moving average is $4.86 and its 200-day simple moving average is $4.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Zhihu during the first quarter valued at about $55,000. Ameriprise Financial Inc. bought a new position in shares of Zhihu during the second quarter valued at about $100,000. Hsbc Holdings PLC bought a new position in shares of Zhihu during the first quarter valued at about $123,000. New York State Common Retirement Fund grew its stake in shares of Zhihu by 64.7% during the first quarter. New York State Common Retirement Fund now owns 52,144 shares of the company's stock valued at $223,000 after buying an additional 20,478 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Zhihu during the first quarter valued at about $431,000. 28.92% of the stock is owned by institutional investors.

Zhihu Company Profile

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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