ZEEKR Intelligent Technology Holding Limited’s Lock-Up Period To Expire Tomorrow (NYSE:ZK)

ZEEKR Intelligent Technology’s (NYSE:ZK) lock-up period is set to end on Wednesday, November 6th. ZEEKR Intelligent Technology had issued 21,000,000 shares in its IPO on May 10th. The total size of the offering was $441,000,000 based on an initial share price of $21.00. After the end of ZEEKR Intelligent Technology’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analysts Set New Price Targets

Several research analysts have recently commented on ZK shares. CICC Research assumed coverage on shares of ZEEKR Intelligent Technology in a research note on Friday, October 25th. They set an “outperform” rating and a $31.74 price target on the stock. Bank of America lowered 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 report on Thursday, August 22nd. Finally, Macquarie initiated coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 price target on the stock. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $32.02.

ZEEKR Intelligent Technology Price Performance

ZEEKR Intelligent Technology stock opened at $25.35 on Tuesday. The firm has a 50-day simple moving average of $20.72. ZEEKR Intelligent Technology has a 12-month low of $13.00 and a 12-month high of $32.24.

ZEEKR Intelligent Technology (NYSE:ZK) last announced its quarterly earnings data on Wednesday, August 21st. The company reported ($1.31) earnings per share (EPS) for the quarter. The business had revenue of $2.76 billion for the quarter. As a group, sell-side analysts predict that ZEEKR Intelligent Technology will post -2.2 EPS for the current fiscal year.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Several large investors have recently bought and sold shares of ZK. Prudential PLC acquired a new stake in ZEEKR Intelligent Technology during the 2nd quarter worth $4,194,000. Westwood Holdings Group Inc. bought a new position in ZEEKR Intelligent Technology during the 2nd quarter worth about $1,288,000. Marshall Wace LLP bought a new position in shares of ZEEKR Intelligent Technology during the second quarter worth about $347,000. Sandia Investment Management LP acquired a new stake in shares of ZEEKR Intelligent Technology in the second quarter valued at approximately $94,000. Finally, Point72 Asset Management L.P. acquired a new stake in ZEEKR Intelligent Technology in the 2nd quarter valued at $20,388,000.

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.