Weiss Ratings Reaffirms “Sell (D-)” Rating for LIZHI (NASDAQ:SOGP)

LIZHI (NASDAQ:SOGP)‘s stock had its “sell (d-)” rating reaffirmed by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded LIZHI to a “hold” rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, LIZHI presently has an average rating of “Sell”.

LIZHI Price Performance

Shares of SOGP stock opened at $16.90 on Wednesday. The firm has a 50-day moving average price of $14.27 and a 200 day moving average price of $6.76. LIZHI has a twelve month low of $1.18 and a twelve month high of $37.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LIZHI stock. Virtu Financial LLC bought a new stake in shares of LIZHI INC. Sponsored ADR (NASDAQ:SOGP) in the 1st quarter, according to the company in its most recent disclosure 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 approximately 0.58% of LIZHI as of its most recent SEC filing. Institutional investors own 1.62% of the company’s stock.

About LIZHI

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.