ZEEKR Intelligent Technology (NYSE:ZK) Stock Price Up 5.6% – Time to Buy?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) shares were up 5.6% during trading on Friday . The stock traded as high as $23.72 and last traded at $23.69. Approximately 293,927 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 874,138 shares. The stock had previously closed at $22.44.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Bank of America lowered their price objective on shares of ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. CICC Research started coverage on ZEEKR Intelligent Technology in a research note on Friday, October 25th. They set an “outperform” rating and a $31.74 price target for the company. Finally, Macquarie assumed coverage on ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 price target on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, ZEEKR Intelligent Technology has a consensus rating of “Buy” and a consensus price target of $32.02.

ZEEKR Intelligent Technology Trading Up 4.4 %

The company has a fifty day moving average price of $23.50 and a two-hundred day moving average price of $20.80.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

A number of institutional investors have recently added to or reduced their stakes in ZK. Barclays PLC lifted its position in shares of ZEEKR Intelligent Technology by 28.5% during the 3rd quarter. Barclays PLC now owns 9,456 shares of the company’s stock worth $211,000 after buying an additional 2,097 shares during the period. Renaissance Capital LLC lifted its holdings in shares of ZEEKR Intelligent Technology by 20.0% during the third quarter. Renaissance Capital LLC now owns 22,696 shares of the company’s stock valued at $506,000 after acquiring an additional 3,789 shares during the period. Sandia Investment Management LP acquired a new stake in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at $94,000. Green Alpha Advisors LLC bought a new stake in shares of ZEEKR Intelligent Technology in the 3rd quarter worth about $219,000. Finally, HITE Hedge Asset Management LLC increased its position in shares of ZEEKR Intelligent Technology by 52.4% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company’s stock worth $1,074,000 after purchasing an additional 16,564 shares in the last quarter.

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.