LIZHI (NASDAQ:SOGP) Stock Price Up 2.4% – Still a Buy?

LIZHI INC. Sponsored ADR (NASDAQ:SOGP) shares rose 2.4% during mid-day trading on Wednesday . The company traded as high as $12.40 and last traded at $12.24. Approximately 40,494 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 36,140 shares. The stock had previously closed at $11.95.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LIZHI in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

LIZHI Stock Performance

The stock has a fifty day moving average of $15.60 and a 200-day moving average of $9.76. The company has a market cap of $60.47 million, a PE ratio of 136.00 and a beta of 2.87.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LIZHI stock. Virtu Financial LLC acquired a new stake in shares of LIZHI INC. Sponsored ADR (NASDAQ:SOGP) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 28,768 shares of the company’s stock, valued at approximately $63,000. Virtu Financial LLC owned approximately 0.58% of LIZHI at the end of the most recent reporting period. Institutional investors own 1.62% of the company’s stock.

LIZHI Company Profile

Sound Group Inc operates as an audio-centric social and entertainment company. It focuses on building audio platform to connect and communicate. The company, through its product portfolio and in-house technologies, caters to user interest in audio entertainment and social networking. The company was formerly known as LIZHI INC.