Zhihu (NYSE:ZH) Rating Increased to Hold at Zacks Investment Research

Zhihu (NYSE:ZH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “Zhihu Inc. operates Zhihu, an iconic online content community dedicated to empowering people to share knowledge, experience, and insights, and to find their own answers. Zhihu Inc. is based in BEIJING. “

Other equities research analysts have also recently issued reports about the company. CICC Research assumed coverage on Zhihu in a research note on Wednesday, June 2nd. They set an “outperform” rating for the company. 86 Research started coverage on shares of Zhihu in a research report on Thursday, July 15th. They set a “buy” rating and a $14.00 price target for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $15.20.

Shares of NYSE:ZH opened at $9.35 on Thursday. The business has a 50 day simple moving average of $10.23. Zhihu has a 52 week low of $6.81 and a 52 week high of $13.85.

Hedge funds have recently added to or reduced their stakes in the stock. Trivest Advisors Ltd purchased a new stake in shares of Zhihu in the first quarter valued at approximately $435,000. BlackRock Inc. acquired a new stake in shares of Zhihu in the first quarter valued at about $48,661,000. Artisan Partners Limited Partnership purchased a new stake in shares of Zhihu during the first quarter worth about $1,622,000. Barings LLC purchased a new position in Zhihu in the 1st quarter valued at about $30,177,000. Finally, Teacher Retirement System of Texas purchased a new stake in Zhihu during the 1st quarter worth approximately $162,000. Institutional investors own 6.10% of the company’s stock.

About Zhihu

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.

See Also: Return on Equity (ROE)

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