Walleye Capital LLC Invests $212,000 in Zhihu Inc. (NYSE:ZH)

Walleye Capital LLC acquired a new stake in Zhihu Inc. (NYSE:ZH) during the third quarter, Holdings Channel.com reports. The fund acquired 54,962 shares of the company’s stock, valued at approximately $212,000.

Separately, Acadian Asset Management LLC acquired a new position in shares of Zhihu during the second quarter worth $740,000. Institutional investors own 28.92% of the company’s stock.

Zhihu Stock Performance

Zhihu stock opened at $3.82 on Thursday. Zhihu Inc. has a 52-week low of $2.55 and a 52-week high of $6.00. The firm has a 50 day moving average price of $3.71 and a two-hundred day moving average price of $3.38. The firm has a market cap of $333.55 million, a price-to-earnings ratio of -6.95 and a beta of 0.21.

Analysts Set New Price Targets

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

Zhihu Company Profile

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.