LZ Technology (NASDAQ:LZMH) Trading Up 0.3% – What’s Next?

LZ Technology Holdings Limited (NASDAQ:LZMH) shares rose 0.3% during trading on Thursday . The company traded as high as $3.33 and last traded at $3.24. Approximately 325,507 shares changed hands during trading, an increase of 7% from the average daily volume of 304,378 shares. The stock had previously closed at $3.23.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of LZ Technology in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

LZ Technology Stock Performance

The business has a 50-day simple moving average of $3.35 and a two-hundred day simple moving average of $8.43.

Institutional Investors Weigh In On LZ Technology

An institutional investor recently bought a new position in LZ Technology stock. BNP Paribas Financial Markets bought a new position in shares of LZ Technology Holdings Limited (NASDAQ:LZMH) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 3,056 shares of the company’s stock, valued at approximately $51,000.

About LZ Technology

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.