Zhihu (NYSE:ZH) Rating Lowered to “Hold” at Wall Street Zen

Zhihu (NYSE:ZH) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, Weiss Ratings downgraded shares of Zhihu from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Zhihu Stock Performance

Shares of ZH opened at $3.69 on Friday. Zhihu has a 52-week low of $3.19 and a 52-week high of $6.32. The stock’s 50-day simple moving average is $4.42 and its 200 day simple moving average is $4.40. The stock has a market capitalization of $325.42 million, a price-to-earnings ratio of 23.06 and a beta of 0.23.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its stake in Zhihu by 60.0% in the first quarter. Acadian Asset Management LLC now owns 2,941,056 shares of the company’s stock valued at $12,526,000 after purchasing an additional 1,102,401 shares in the last quarter. MY.Alpha Management HK Advisors Ltd purchased a new stake in shares of Zhihu during the 1st quarter valued at $7,231,000. National Bank of Canada FI lifted its holdings in shares of Zhihu by 20,090,000.0% during the 1st quarter. National Bank of Canada FI now owns 200,901 shares of the company’s stock worth $858,000 after acquiring an additional 200,900 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Zhihu by 1,769.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 190,786 shares of the company’s stock worth $815,000 after acquiring an additional 180,583 shares during the last quarter. Finally, Walleye Capital LLC grew its position in Zhihu by 787.7% in the first quarter. Walleye Capital LLC now owns 126,426 shares of the company’s stock worth $540,000 after acquiring an additional 112,184 shares in the last quarter. 28.92% of the stock is currently owned by institutional investors.

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.