ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) was down 2.9% during mid-day trading on Monday . The company traded as low as $27.44 and last traded at $28.02. Approximately 607,948 shares traded hands during trading, a decline of 22% from the average daily volume of 778,447 shares. The stock had previously closed at $28.85.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on ZK shares. Bank of America cut their price objective on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, August 22nd. Macquarie initiated coverage on ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They issued an "outperform" rating and a $33.00 price target on the stock. Finally, CICC Research started coverage on ZEEKR Intelligent Technology in a research report on Friday. They issued an "outperform" rating and a $31.74 target price on the stock. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, ZEEKR Intelligent Technology currently has an average rating of "Buy" and a consensus target price of $32.02.
Check Out Our Latest Report on ZK
ZEEKR Intelligent Technology Stock Up 0.7 %
The company's 50-day moving average is $19.55.
ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last released its quarterly earnings results on Wednesday, August 21st. The company reported ($1.31) earnings per share for the quarter. The firm had revenue of $2.76 billion for the quarter. On average, equities research analysts predict that ZEEKR Intelligent Technology Holding Limited will post -2.2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ZEEKR Intelligent Technology
A number of hedge funds have recently made changes to their positions in ZK. Sandia Investment Management LP acquired a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at $94,000. Green Alpha Advisors LLC acquired a new stake in shares of ZEEKR Intelligent Technology during the third quarter valued at about $219,000. Marshall Wace LLP bought a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth about $347,000. Renaissance Capital LLC increased its stake in shares of ZEEKR Intelligent Technology by 20.0% in the third quarter. Renaissance Capital LLC now owns 22,696 shares of the company's stock valued at $506,000 after buying an additional 3,789 shares during the period. Finally, HITE Hedge Asset Management LLC bought a new position in ZEEKR Intelligent Technology in the 2nd quarter valued at approximately $596,000.
ZEEKR Intelligent Technology Company Profile
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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.
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