Zhihu (NYSE:ZH) Reaches New 1-Year High – Here’s What Happened

Zhihu Inc. (NYSE:ZH) shares hit a new 52-week high on Thursday . The stock traded as high as $5.97 and last traded at $6.07, with a volume of 953029 shares. The stock had previously closed at $5.66.

Wall Street Analysts Forecast Growth

Separately, Citigroup dropped their target price on shares of Zhihu from $5.40 to $4.70 and set a “buy” rating for the company in a report on Friday, November 29th.

Zhihu Trading Down 5.8 %

The firm has a 50 day moving average price of $3.78 and a 200-day moving average price of $3.61. The firm has a market cap of $476.33 million, a price-to-earnings ratio of -9.74 and a beta of 0.20.

Zhihu (NYSE:ZH) last posted its earnings results on Tuesday, November 26th. The company reported ($0.02) earnings per share for the quarter. Zhihu had a negative net margin of 9.28% and a negative return on equity of 8.01%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its position in Zhihu by 172.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 603,673 shares of the company’s stock worth $2,137,000 after buying an additional 382,039 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of 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 acquiring an additional 69,160 shares during the last quarter. E Fund Management Co. Ltd. increased its position in Zhihu by 83.1% during the 4th quarter. E Fund Management Co. Ltd. now owns 150,848 shares of the company’s stock worth $534,000 after purchasing an additional 68,458 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in Zhihu by 83.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 150,848 shares of the company’s stock worth $534,000 after purchasing an additional 68,458 shares in the last quarter. Finally, Nomura Holdings Inc. raised its stake in Zhihu by 95.7% in the 4th quarter. Nomura Holdings Inc. now owns 146,764 shares of the company’s stock valued at $520,000 after purchasing an additional 71,764 shares during the last quarter. 28.92% of the stock is currently owned by institutional investors and hedge funds.

About Zhihu

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.