ZEEKR Intelligent Technology (NYSE:ZK) Receives New Coverage from Analysts at Macquarie

Macquarie started coverage on shares of ZEEKR Intelligent Technology (NYSE:ZK) in a report published on Thursday, MarketBeat.com reports. The firm issued an outperform rating and a $33.00 price target on the stock.

A number of other brokerages also recently commented on ZK. Citigroup initiated coverage on shares of ZEEKR Intelligent Technology in a research note on Monday, June 24th. They issued a buy rating and a $32.40 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on ZEEKR Intelligent Technology in a research note on Thursday, June 6th. They set a buy rating and a $35.00 price objective on the stock. Finally, Bank of America lowered their target price on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a buy rating for the company in a research note on Thursday, August 22nd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $32.08.

ZEEKR Intelligent Technology Stock Performance

Shares of ZK opened at $25.91 on Thursday. ZEEKR Intelligent Technology has a twelve month low of $13.00 and a twelve month high of $32.24. The business has a fifty day moving average price of $17.08.

ZEEKR Intelligent Technology (NYSE:ZK) last released its quarterly earnings data on Wednesday, August 21st. The company reported ($1.31) earnings per share for the quarter. The firm had revenue of $2.76 billion during the quarter. Equities research analysts expect that ZEEKR Intelligent Technology will post -2.31 EPS for the current year.

Institutional Trading of ZEEKR Intelligent Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in ZK. Ghisallo Capital Management LLC acquired a new stake in ZEEKR Intelligent Technology during the second quarter valued at approximately $1,319,000. Point72 Asset Management L.P. acquired a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at approximately $20,388,000. Lighthouse Investment Partners LLC bought a new position in ZEEKR Intelligent Technology during the second quarter worth $2,736,000. Millennium Management LLC acquired a new position in ZEEKR Intelligent Technology in the second quarter worth $17,478,000. Finally, Point72 Hong Kong Ltd bought a new stake in ZEEKR Intelligent Technology during the second quarter valued at $31,236,000.

ZEEKR Intelligent Technology Company Profile

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.