ZEEKR Intelligent Technology Holding Limited (NYSE:ZK – Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $24.56, but opened at $23.65. ZEEKR Intelligent Technology shares last traded at $23.12, with a volume of 264,445 shares traded.
Wall Street Analyst Weigh In
ZK has been the subject of several analyst reports. Citigroup started coverage on ZEEKR Intelligent Technology in a report on Monday, June 24th. They issued a “buy” rating and a $32.40 price objective for the company. Bank of America decreased their price target on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, Macquarie assumed coverage on shares of ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They set an “outperform” rating and a $33.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, ZEEKR Intelligent Technology has a consensus rating of “Buy” and an average price target of $32.08.
Check Out Our Latest Analysis on ZEEKR Intelligent Technology
ZEEKR Intelligent Technology Stock Down 2.9 %
ZEEKR Intelligent Technology (NYSE:ZK – Get Free Report) last announced its earnings results on Wednesday, August 21st. The company reported ($1.31) earnings per share (EPS) for the quarter. The firm had revenue of $2.76 billion during the quarter. On average, research analysts predict that ZEEKR Intelligent Technology Holding Limited will post -2.31 earnings per share for the current year.
Institutional Trading of ZEEKR Intelligent Technology
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd acquired a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth about $31,236,000. Point72 Asset Management L.P. purchased a new position in shares of ZEEKR Intelligent Technology in the second quarter valued at approximately $20,388,000. Westwood Holdings Group Inc. acquired a new stake in shares of ZEEKR Intelligent Technology in the second quarter worth approximately $1,288,000. Prudential PLC purchased a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth approximately $4,194,000. Finally, Lighthouse Investment Partners LLC acquired a new position in ZEEKR Intelligent Technology in the 2nd quarter valued at $2,736,000.
About ZEEKR Intelligent Technology
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.
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