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

Zhihu (NYSE:ZH) had its target price cut by stock analysts at Citigroup from $5.40 to $4.70 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 32.02% from the stock’s current price.

Zhihu Trading Down 7.3 %

Shares of NYSE:ZH traded down $0.28 during midday trading on Friday, hitting $3.56. The stock had a trading volume of 204,193 shares, compared to its average volume of 357,512. The company has a market capitalization of $310.86 million, a PE ratio of -6.36 and a beta of 0.19. The stock has a 50 day moving average price of $3.66 and a two-hundred day moving average price of $3.38. Zhihu has a 1 year low of $2.55 and a 1 year high of $6.06.

Institutional Trading of Zhihu

Several hedge funds and other institutional investors have recently made changes to their positions in ZH. Acadian Asset Management LLC acquired a new stake in shares of Zhihu in the second quarter valued at about $740,000. Barclays PLC acquired a new stake in shares of Zhihu in the third quarter valued at about $511,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Zhihu in the third quarter valued at about $317,000. Jane Street Group LLC lifted its stake in shares of Zhihu by 65.1% in 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 during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Zhihu in the third quarter valued at about $212,000. 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.