Zhihu (NYSE:ZH) Shares Up 1.1% – Still a Buy?

Zhihu Inc. Sponsored ADR (NYSE:ZH)’s stock price traded up 1.1% on Wednesday . The company traded as high as $3.24 and last traded at $3.2050. 130,462 shares traded hands during trading, a decline of 37% from the average daily volume of 206,392 shares. The stock had previously closed at $3.17.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ZH shares. Weiss Ratings downgraded shares of Zhihu from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Zhihu from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zhihu has a consensus rating of “Sell”.

Zhihu Stock Up 2.4%

The business has a 50-day moving average price of $3.15 and a two-hundred day moving average price of $3.30. The company has a market capitalization of $289.64 million, a price-to-earnings ratio of -9.07 and a beta of 0.26.

Zhihu (NYSE:ZH) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $94.50 million during the quarter. Zhihu had a negative net margin of 7.25% and a negative return on equity of 4.83%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Zhihu stock. Ameriprise Financial Inc. increased its holdings in Zhihu Inc. Sponsored ADR (NYSE:ZH) by 44.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,088 shares of the company’s stock after acquiring an additional 11,082 shares during the period. Ameriprise Financial Inc.’s holdings in Zhihu were worth $183,000 at the end of the most recent quarter. 28.92% of the stock is currently owned by institutional investors and hedge funds.

Zhihu Company Profile

Zhihu is China’s leading online question-and-answer platform, providing a space where users can ask questions, share knowledge, and engage with content across science, technology, business, culture, and lifestyle. Founded in 2011 and headquartered in Beijing, Zhihu has cultivated a community-driven environment that emphasizes credible, in-depth answers from experts, professionals, and enthusiasts.

The company’s core service revolves around its Q&A platform, enabling registered users to post questions and receive comprehensive responses.