Zhihu (NYSE:ZH) Stock Price Up 7.1% – Should You Buy?

Zhihu Inc. (NYSE:ZH) rose 7.1% during trading on Friday . The stock traded as high as $6.19 and last traded at $6.20. Approximately 495,147 shares were traded during trading, a decline of 32% from the average daily volume of 729,490 shares. The stock had previously closed at $5.79.

Analyst Upgrades and Downgrades

Separately, Citigroup cut their price objective on Zhihu from $5.40 to $4.70 and set a “buy” rating for the company in a report on Friday, November 29th.

Zhihu Price Performance

The company has a market cap of $476.33 million, a PE ratio of -9.74 and a beta of 0.20. The company has a fifty day moving average price of $3.78 and a 200 day moving average price of $3.62.

Zhihu (NYSE:ZH) last released its earnings results on Tuesday, November 26th. The company reported ($0.02) earnings per share for the quarter. Zhihu had a negative return on equity of 8.01% and a negative net margin of 9.28%.

Institutional Trading of Zhihu

A number of hedge funds have recently bought and sold shares of ZH. E Fund Management Hong Kong Co. Ltd. bought a new stake in Zhihu in the 3rd quarter worth approximately $317,000. Walleye Capital LLC bought a new stake in Zhihu in the third quarter valued at approximately $212,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zhihu in the third quarter valued at approximately $27,000. Jane Street Group LLC lifted its position in Zhihu by 65.1% in the third quarter. Jane Street Group LLC now owns 175,381 shares of the company’s stock valued at $675,000 after purchasing an additional 69,160 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Zhihu in the third quarter valued at approximately $151,000. 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.