Zhihu (NYSE:ZH) Trading Down 5.1%

Shares of Zhihu Inc. (NYSE:ZH) were down 5.1% during trading on Thursday . The company traded as low as $4.90 and last traded at $5.06. Approximately 11,462 shares changed hands during trading, a decline of 100% from the average daily volume of 2,299,664 shares. The stock had previously closed at $5.33.

A number of analysts recently commented on ZH shares. Citigroup started coverage on shares of Zhihu in a report on Friday, October 29th. They set a “buy” rating and a $13.00 price objective on the stock. Zacks Investment Research downgraded shares of Zhihu from a “hold” rating to a “sell” rating in a report on Wednesday, December 1st. China Renaissance Securities started coverage on shares of Zhihu in a report on Tuesday, October 12th. They set a “buy” rating and a $13.00 price objective on the stock. Finally, Jefferies Financial Group started coverage on shares of Zhihu in a report on Thursday, December 30th. They set a “buy” rating and a $10.40 price objective on the stock. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $13.67.

The business’s 50-day simple moving average is $6.57 and its 200-day simple moving average is $8.82.

Institutional investors and hedge funds have recently made changes to their positions in the business. Barings LLC raised its position in Zhihu by 6.2% during the second quarter. Barings LLC now owns 3,953,404 shares of the company’s stock worth $53,608,000 after acquiring an additional 232,500 shares during the last quarter. Ocean Arete Ltd. raised its position in shares of Zhihu by 222.2% in the second quarter. Ocean Arete Ltd. now owns 145,000 shares of the company’s stock valued at $1,967,000 after buying an additional 100,000 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Zhihu in the second quarter valued at approximately $235,000. Davy Global Fund Management Ltd acquired a new position in shares of Zhihu in the third quarter valued at approximately $398,000. Finally, Sylebra Capital Ltd raised its position in shares of Zhihu by 36.6% in the second quarter. Sylebra Capital Ltd now owns 3,277,250 shares of the company’s stock valued at $44,440,000 after buying an additional 877,250 shares during the last quarter. Institutional investors own 16.57% of the company’s stock.

Zhihu Company Profile (NYSE:ZH)

Zhihu Inc operates an online content community platform in the People's Republic of China. The company's community allows people to seek inspiration, find solutions, make decisions, and have fun. It also offers technology, business support, and consulting services; information and marketing services; and Internet services.

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