Zhihu (NYSE:ZH) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Zhihu (NYSE:ZH) from a hold rating to a buy rating in a research report report published on Friday.

Zhihu Price Performance

Shares of ZH stock opened at $5.00 on Friday. The stock has a market capitalization of $436.16 million, a PE ratio of 22.71 and a beta of 0.22. Zhihu has a 1-year low of $3.13 and a 1-year high of $6.32. The business has a 50-day moving average of $4.76 and a 200 day moving average of $4.32.

Institutional Investors Weigh In On Zhihu

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wolverine Trading LLC bought a new position in shares of Zhihu in the 4th quarter worth approximately $38,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Zhihu in the 1st quarter worth approximately $55,000. New York State Common Retirement Fund raised its position in shares of Zhihu by 64.7% in the 1st quarter. New York State Common Retirement Fund now owns 52,144 shares of the company’s stock worth $223,000 after acquiring an additional 20,478 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Zhihu in the 2nd quarter worth approximately $100,000. Finally, Hsbc Holdings PLC bought a new position in shares of Zhihu in the 1st quarter worth approximately $123,000. Hedge funds and other 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.