Zhihu (NYSE:ZH) coverage initiated by Goldman Sachs Group analysts

The Goldman Sachs group has started hedging the shares of Zhihou (NYSE: ZHGet a rating) in a research report sent to investors on Sunday morning, MarketBeat.com reports. The company issued a holding rating and price target of $4.70 on the stock.

A number of other brokerages have also weighed in on ZH recently. JPMorgan Chase & Co. downgraded Zhihu from an overweight to an underweight rating and set a price target of $1.80 for the stock. in a research report on Monday, March 14. Jefferies Financial Group began covering Zhihu in a research report on Thursday, December 30. They set a buy rating and price target of $10.40 on the stock. To finish, Zacks Investment Research upgraded Zhihu from a sell rating to a hold rating in a Wednesday, Jan. 26 research report. One research analyst rated the stock with a sell rating, two issued a hold rating and five assigned the company’s stock a buy rating. According to data from MarketBeat, the company has an average buy rating and an average target price of $9.48.

ZH-Share opened at $2.56 on Friday. The stock has a fifty-day simple moving average of $3.08. Zhihu has a 12-month low of $1.39 and a 12-month high of $13.85. The stock has a market capitalization of $1.44 billion and a price-earnings ratio of -3.28.

Zhihou (NYSE: ZHGet a rating) last announced its quarterly results on Monday, March 14. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.04. The company posted revenue of $159.94 million for the quarter, versus analyst estimates of $156.50 million. Zhihu had a negative return on equity of 18.37% and a negative net margin of 43.80%. Stock analysts expect Zhihu to post -0.46 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Krane Funds Advisors LLC increased its position in Zhihu shares by 34.7% in the fourth quarter. Krane Funds Advisors LLC now owns 11,991,322 shares of the company valued at $66,432,000 after purchasing an additional 3,087,126 shares in the last quarter. Franchise Capital Ltd purchased a new stake in Zhihu shares in the third quarter worth approximately $32,722,000. Capital Today Evergreen Fund LP purchased a new equity stake in Zhihu in the fourth quarter worth approximately $9,750,000. Goldman Sachs Group Inc. increased its stake in Zhihu shares by 80.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,359,898 shares of the company worth $7,534,000 after acquiring 607,192 additional shares in the last quarter. Finally, E Fund Management Co. Ltd. acquired a new equity stake in Zhihu in the third quarter worth approximately $12,133,000. Institutional investors and hedge funds hold 16.60% of the company’s shares.

About Zhihu (Get a rating)

Zhihu Inc operates an online content community platform in the People’s Republic of China. The company community allows people to seek inspiration, find solutions, make decisions and have fun. It also offers technology, business support and consulting services; information and marketing services; and internet services.

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