Citigroup Has Lowered Expectations for Zhihu (NYSE:ZH) Stock Price

Zhihu (NYSE:ZH) had its price objective lowered by Citigroup from $5.40 to $4.70 in a research report report published on Friday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Zhihu Stock Down 6.5 %

NYSE:ZH opened at $3.59 on Friday. The firm has a market cap of $313.47 million, a PE ratio of -6.41 and a beta of 0.19. Zhihu has a 12 month low of $2.55 and a 12 month high of $6.06. The company’s 50-day moving average price is $3.68 and its two-hundred day moving average price is $3.38.

Institutional Trading of Zhihu

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zhihu during the third quarter valued at approximately $27,000. Virtu Financial LLC acquired a new position in Zhihu in the third quarter valued at approximately $141,000. XTX Topco Ltd bought a new position in shares of Zhihu in the 3rd quarter worth $151,000. Walleye Capital LLC bought a new position in Zhihu during the third quarter worth about $212,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Zhihu in the 3rd quarter valued at about $317,000. 28.92% of the stock is currently owned by institutional investors and hedge funds.

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.