Zhihu Inc. (NYSE:ZH) Receives Average Rating of “Buy” from Analysts

Shares of Zhihu Inc. (NYSE:ZHGet Rating) have been given an average rating of “Buy” by the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $8.37.

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Zhihu in a report on Sunday, April 10th. They issued a “hold” rating and a $4.70 price objective on the stock. JPMorgan Chase & Co. upgraded shares of Zhihu from an “underweight” rating to a “neutral” rating and cut their target price for the stock from $1.80 to $1.50 in a report on Monday, May 16th. Finally, Zacks Investment Research upgraded shares of Zhihu from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a report on Thursday, May 5th.

ZH opened at $1.33 on Wednesday. Zhihu has a one year low of $1.23 and a one year high of $13.85. The company’s 50 day simple moving average is $2.03 and its 200-day simple moving average is $4.06. The stock has a market capitalization of $842.54 million, a P/E ratio of -1.71 and a beta of 1.67.

Zhihu (NYSE:ZHGet Rating) last released its quarterly earnings results on Monday, March 14th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.04. Zhihu had a negative net margin of 43.80% and a negative return on equity of 18.37%. The business had revenue of $159.94 million for the quarter, compared to analysts’ expectations of $156.50 million. As a group, sell-side analysts anticipate that Zhihu will post -0.45 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. US Bancorp DE bought a new stake in shares of Zhihu during the third quarter worth $36,000. Bank of America Corp DE bought a new position in Zhihu in the second quarter valued at $68,000. Royal Bank of Canada grew its position in Zhihu by 947.0% in the third quarter. Royal Bank of Canada now owns 5,842 shares of the company’s stock valued at $54,000 after purchasing an additional 5,284 shares in the last quarter. Brighton Jones LLC bought a new position in Zhihu in the fourth quarter valued at $55,000. Finally, DRW Securities LLC bought a new position in Zhihu in the first quarter valued at $27,000. 20.29% of the stock is owned by institutional investors.

Zhihu Company Profile (Get Rating)

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 also offers technology, business support, and consulting services; information transmission, software, and information technology services; information and marketing services; vocational training; and internet services, as well as holds audio-visual permit.

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Analyst Recommendations for Zhihu (NYSE:ZH)

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