Zhihu (NYSE:ZH) Shares Gap Up to $1.16

Zhihu Inc. (NYSE:ZH – Get Rating) shares gapped up before the market opened on Friday . The stock had previously closed at $1.16, but opened at $1.22. Zhihu shares last traded at $1.20, with a volume of 298,115 shares.

Analyst Upgrades and Downgrades

ZH has been the topic of several recent research reports. The Goldman Sachs Group dropped their price target on Zhihu from $2.30 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, December 1st. CLSA initiated coverage on Zhihu in a research report on Wednesday, December 14th. They issued an “outperform” rating and a $1.50 price target on the stock.

Zhihu Trading Up 1.7 %

The stock has a fifty day simple moving average of $1.60 and a two-hundred day simple moving average of $1.34. The company has a market cap of $754.26 million, a PE ratio of -2.62 and a beta of 0.28.

Institutional Investors Weigh In On Zhihu

A number of institutional investors have recently added to or reduced their stakes in ZH. Citigroup Inc. boosted its stake in shares of Zhihu by 123.3% during the 1st quarter. Citigroup Inc. now owns 433,959 shares of the company’s stock worth $1,050,000 after acquiring an additional 239,617 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Zhihu by 32.3% during the 1st quarter. BlackRock Inc. now owns 147,533 shares of the company’s stock worth $358,000 after acquiring an additional 36,058 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Zhihu by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 1,911,142 shares of the company’s stock worth $4,625,000 after acquiring an additional 120,892 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Zhihu during the 1st quarter worth approximately $1,190,000. Finally, State Street Corp boosted its stake in shares of Zhihu by 22.2% during the 1st quarter. State Street Corp now owns 727,047 shares of the company’s stock worth $1,759,000 after acquiring an additional 131,846 shares in the last quarter. Hedge funds and other institutional investors own 11.39% of the company’s stock.

About Zhihu

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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 also offers technology, business support, and consulting services; information transmission, software, and information technology services; information and marketing services; vocational training; and internet services, as well as holds audio-visual permit.