LZ Technology (NASDAQ:LZMH) Stock Price Up 0.3% – Time to Buy?

LZ Technology Holdings Limited (NASDAQ:LZMH) shares shot up 0.3% during mid-day trading on Thursday . The company traded as high as $3.33 and last traded at $3.24. 325,507 shares were traded during mid-day trading, an increase of 7% from the average session volume of 304,378 shares. The stock had previously closed at $3.23.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of LZ Technology in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, LZ Technology currently has a consensus rating of “Sell”.

LZ Technology Price Performance

The firm has a 50-day moving average price of $3.34 and a 200 day moving average price of $8.39.

Institutional Investors Weigh In On LZ Technology

An institutional investor recently bought a new position in LZ Technology stock. BNP Paribas Financial Markets purchased a new stake in LZ Technology Holdings Limited (NASDAQ:LZMH) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,056 shares of the company’s stock, valued at approximately $51,000.

LZ Technology Company Profile

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.