Zhihu (NYSE:ZH) Trading Up 5.5%

Zhihu Inc. (NYSE:ZH) was up 5.5% during mid-day trading on Friday . The company traded as high as $10.70 and last traded at $10.66. Approximately 12,553 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 2,077,779 shares. The stock had previously closed at $10.10.

A number of analysts have issued reports on ZH shares. JPMorgan Chase & Co. started coverage on shares of Zhihu in a report on Tuesday, April 27th. They issued an “overweight” rating and a $16.00 price target on the stock. CICC Research initiated coverage on shares of Zhihu in a report on Wednesday, June 2nd. They issued an “outperform” rating on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Zhihu in a report on Tuesday, April 20th. They issued a “buy” rating and a $15.60 target price on the stock.

The company has a fifty day moving average price of $9.00.

Zhihu (NYSE:ZH) last posted its earnings results on Monday, May 17th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.35). The firm had revenue of $73.00 million for the quarter, compared to analysts’ expectations of $70.97 million. Analysts forecast that Zhihu Inc. will post -0.07 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in ZH. Scge Management L.P. bought a new position in shares of Zhihu during the 1st quarter worth approximately $81,000. Voloridge Investment Management LLC bought a new position in shares of Zhihu during the 1st quarter worth approximately $81,000. CSS LLC IL bought a new position in shares of Zhihu during the 1st quarter worth approximately $87,000. Goldman Sachs Group Inc. bought a new position in shares of Zhihu during the 1st quarter worth approximately $118,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Zhihu during the 1st quarter worth approximately $162,000. 5.78% of the stock is owned by hedge funds and other institutional investors.

About Zhihu (NYSE:ZH)

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.

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