ZEEKR Intelligent Technology Holding Limited's (NYSE:ZK) Lock-Up Period Set To End on November 6th

ZEEKR Intelligent Technology's (NYSE:ZK - Get Free Report) lock-up period will expire on Wednesday, November 6th. ZEEKR Intelligent Technology had issued 21,000,000 shares in its initial public offering on May 10th. The total size of the offering was $441,000,000 based on an initial share price of $21.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analyst Weigh In

Several research firms have recently commented on ZK. Bank of America reduced their price target on shares of ZEEKR Intelligent Technology from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, August 22nd. Macquarie started coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They issued an "outperform" rating and a $33.00 target price on the stock. Finally, CICC Research started coverage on ZEEKR Intelligent Technology in a report on Friday, October 25th. They set an "outperform" rating and a $31.74 price target for the company. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $32.02.

ZEEKR Intelligent Technology Stock Down 0.6 %

NYSE:ZK traded down $0.15 during trading hours on Wednesday, reaching $26.37. 666,654 shares of the stock were exchanged, compared to its average volume of 788,642. ZEEKR Intelligent Technology has a twelve month low of $13.00 and a twelve month high of $32.24. The stock has a 50-day simple moving average of $20.03.

ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last announced its earnings results on Wednesday, August 21st. The company reported ($1.31) EPS for the quarter. The company had revenue of $2.76 billion during the quarter. On average, sell-side analysts expect that ZEEKR Intelligent Technology will post -2.2 EPS for the current fiscal year.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sandia Investment Management LP acquired a new position in shares of ZEEKR Intelligent Technology during the second quarter worth about $94,000. Green Alpha Advisors LLC acquired a new position in ZEEKR Intelligent Technology during the 3rd quarter worth approximately $219,000. Marshall Wace LLP purchased a new stake in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at approximately $347,000. WT Asset Management Ltd purchased a new stake in shares of ZEEKR Intelligent Technology in the 3rd quarter valued at approximately $446,000. Finally, Renaissance Capital LLC raised its holdings in shares of ZEEKR Intelligent Technology by 20.0% in the 3rd quarter. Renaissance Capital LLC now owns 22,696 shares of the company's stock valued at $506,000 after purchasing an additional 3,789 shares in the last quarter.

About ZEEKR Intelligent Technology

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.