Zhihu (NYSE:ZH) Upgraded at Weiss Ratings

Key Points

• Zhihu (NYSE:ZH) received an upgrade from Weiss Ratings, moving from a "sell (d+)" to a "hold (c-)" rating, reflecting improved sentiment among analysts.
• Wall Street Zen also upgraded Zhihu's shares from a "hold" to a "buy" rating, contributing to an average rating of "Moderate Buy" with a target price of $4.70.
• Recent trading data shows Zhihu shares increased by 1.9%, closing at $4.98, with significant institutional investor activity, including Cubist Systematic Strategies increasing its position by nearly 1,770%.

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

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

Zhihu Trading Up 1.9%

Shares of NYSE:ZH traded up $0.10 during midday trading on Wednesday, reaching $4.98. 52,528 shares of the company were exchanged, compared to its average volume of 482,923. The business's fifty day moving average is $4.82 and its two-hundred day moving average is $4.33. Zhihu has a one year low of $3.13 and a one year high of $6.32. The stock has a market cap of $434.42 million, a PE ratio of 22.61 and a beta of 0.24.

Hedge Funds Weigh In On Zhihu

Institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC lifted its position in Zhihu by 1,769.9% during the first quarter. Cubist Systematic Strategies LLC now owns 190,786 shares of the company's stock valued at $815,000 after purchasing an additional 180,583 shares during the last quarter. New York State Common Retirement Fund lifted its position in 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 purchasing an additional 20,478 shares during the last quarter. Acadian Asset Management LLC lifted its position in Zhihu by 60.0% during the first quarter. Acadian Asset Management LLC now owns 2,941,056 shares of the company's stock valued at $12,526,000 after purchasing an additional 1,102,401 shares during the last quarter. National Bank of Canada FI lifted its position in Zhihu by 20,090,000.0% during the first quarter. National Bank of Canada FI now owns 200,901 shares of the company's stock valued at $858,000 after purchasing an additional 200,900 shares during the last quarter. Finally, MY.Alpha Management HK Advisors Ltd bought a new position in Zhihu during the first quarter valued at $7,231,000. 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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