ZEEKR Intelligent Technology (NYSE:ZK) Shares Gap Up to $21.09

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s share price gapped up prior to trading on Monday . The stock had previously closed at $21.09, but opened at $24.76. ZEEKR Intelligent Technology shares last traded at $24.02, with a volume of 1,352,967 shares traded.

Analysts Set New Price Targets

ZK has been the topic of several analyst reports. Citigroup began coverage on ZEEKR Intelligent Technology in a report on Monday, June 24th. They issued a “buy” rating and a $32.40 price objective on the stock. The Goldman Sachs Group initiated coverage on ZEEKR Intelligent Technology in a research note on Tuesday, June 4th. They set a “buy” rating and a $34.00 price objective on the stock. Bank of America lowered their price objective on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on ZEEKR Intelligent Technology in a research note on Thursday, June 6th. They issued a “buy” rating and a $35.00 price target for the company.

ZEEKR Intelligent Technology Stock Up 12.9 %

The firm has a 50 day moving average price of $16.37.

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 business had revenue of $2.76 billion for the quarter. On average, research analysts forecast that ZEEKR Intelligent Technology Holding Limited will post -2.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sandia Investment Management LP bought a new position in ZEEKR Intelligent Technology in the second quarter valued at about $94,000. Marshall Wace LLP purchased a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth about $347,000. HITE Hedge Asset Management LLC purchased a new stake in shares of ZEEKR Intelligent Technology in the second quarter worth about $596,000. Westwood Holdings Group Inc. bought a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth approximately $1,288,000. Finally, Ghisallo Capital Management LLC bought a new stake in ZEEKR Intelligent Technology in the second quarter valued at approximately $1,319,000.

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.