Citigroup Cuts Zhihu (NYSE:ZH) Price Target to $4.70

Zhihu (NYSE:ZH) had its target price lowered by Citigroup from $5.40 to $4.70 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Zhihu Stock Performance

Shares of NYSE ZH opened at $3.59 on Friday. The business’s 50-day simple moving average is $3.68 and its 200-day simple moving average is $3.38. Zhihu has a 52 week low of $2.55 and a 52 week high of $6.06. The firm has a market cap of $313.47 million, a price-to-earnings ratio of -6.41 and a beta of 0.19.

Institutional Investors Weigh In On Zhihu

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of Zhihu in the 3rd quarter worth approximately $141,000. Barclays PLC acquired a new position in Zhihu in the third quarter worth about $511,000. XTX Topco Ltd bought a new position in Zhihu during the third quarter worth about $151,000. Jane Street Group LLC boosted its holdings in Zhihu by 65.1% during 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zhihu in the 3rd quarter valued at approximately $27,000. Institutional investors and hedge funds own 28.92% of the company’s stock.

Zhihu Company Profile

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.