Zhihu (NYSE:ZH) Sets New 52-Week High – Still a Buy?

Zhihu Inc. (NYSE:ZH) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $5.97 and last traded at $6.07, with a volume of 953029 shares traded. The stock had previously closed at $5.66.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their price target on Zhihu from $5.40 to $4.70 and set a “buy” rating for the company in a report on Friday, November 29th.

Zhihu Trading Down 5.8 %

The business has a 50 day simple moving average of $3.78 and a 200-day simple moving average of $3.61. The stock has a market capitalization of $476.33 million, a price-to-earnings ratio of -9.74 and a beta of 0.20.

Zhihu (NYSE:ZH) last released its earnings results on Tuesday, November 26th. The company reported ($0.02) earnings per share (EPS) for the quarter. Zhihu had a negative net margin of 9.28% and a negative return on equity of 8.01%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZH. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zhihu in the 3rd quarter worth about $27,000. Wolverine Trading LLC acquired a new stake in Zhihu during the 4th quarter worth approximately $38,000. Advisors Preferred LLC purchased a new position in Zhihu in the fourth quarter valued at approximately $39,000. Russell Investments Group Ltd. acquired a new position in Zhihu during the fourth quarter valued at approximately $67,000. Finally, New York State Common Retirement Fund grew its stake in Zhihu by 93.8% during the fourth quarter. New York State Common Retirement Fund now owns 31,666 shares of the company’s stock worth $112,000 after buying an additional 15,325 shares during the period. Institutional investors and hedge funds own 28.92% of the company’s stock.

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.