LIZHI (NASDAQ:SOGP) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of LIZHI (NASDAQ:SOGP) from a hold rating to a strong-buy rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LIZHI in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, LIZHI has an average rating of “Sell”.

LIZHI Price Performance

Shares of NASDAQ SOGP opened at $13.24 on Friday. The company has a 50-day simple moving average of $15.26 and a 200-day simple moving average of $9.92. The company has a market cap of $65.41 million, a PE ratio of 147.11 and a beta of 2.87. LIZHI has a 12 month low of $1.18 and a 12 month high of $37.00.

Hedge Funds Weigh In On LIZHI

A hedge fund recently bought a new stake in LIZHI stock. Virtu Financial LLC purchased a new position in shares of LIZHI INC. Sponsored ADR (NASDAQ:SOGP) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 28,768 shares of the company’s stock, valued at approximately $63,000. Virtu Financial LLC owned 0.58% of LIZHI as of its most recent SEC filing. Hedge funds and other institutional investors own 1.62% of the company’s stock.

LIZHI Company Profile

Sound Group Inc operates as an audio-centric social and entertainment company. It focuses on building audio platform to connect and communicate. The company, through its product portfolio and in-house technologies, caters to user interest in audio entertainment and social networking. The company was formerly known as LIZHI INC.