Wall Street Zen Upgrades LIZHI (NASDAQ:SOGP) to Strong-Buy

LIZHI (NASDAQ:SOGP) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a note issued to investors on Saturday.

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

LIZHI Trading Up 8.2%

NASDAQ SOGP opened at $13.24 on Friday. LIZHI has a 1-year low of $1.18 and a 1-year high of $37.00. The company has a 50 day moving average of $15.26 and a 200-day moving average of $9.86. The firm has a market cap of $65.41 million, a price-to-earnings ratio of 147.11 and a beta of 2.87.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LIZHI stock. Virtu Financial LLC bought a new position in shares of LIZHI INC. Sponsored ADR (NASDAQ:SOGP) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 28,768 shares of the company’s stock, valued at approximately $63,000. Virtu Financial LLC owned about 0.58% of LIZHI at the end of the most recent quarter. Hedge funds and other 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.