Zhihu (NYSE:ZH) Upgraded at Weiss Ratings

Weiss Ratings upgraded shares of Zhihu (NYSE:ZH) from a sell (d+) rating to a hold (c-) rating in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Zhihu from a “hold” rating to a “buy” rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.70.

Zhihu Stock Performance

Shares of ZH opened at $4.48 on Wednesday. The firm has a market cap of $391.19 million, a P/E ratio of 20.36 and a beta of 0.24. Zhihu has a 52 week low of $3.13 and a 52 week high of $6.32. The firm’s 50-day simple moving average is $4.85 and its 200 day simple moving average is $4.33.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ZH. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Zhihu during the first quarter valued at about $55,000. Ameriprise Financial Inc. purchased a new position in Zhihu during the second quarter valued at approximately $100,000. Hsbc Holdings PLC purchased a new position in Zhihu during the first quarter valued at approximately $123,000. New York State Common Retirement Fund grew its stake in Zhihu by 64.7% in the 1st quarter. New York State Common Retirement Fund now owns 52,144 shares of the company’s stock worth $223,000 after buying an additional 20,478 shares in the last quarter. Finally, PFG Investments LLC purchased a new position in Zhihu in the 1st quarter worth approximately $327,000. 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.