LZ Technology Holdings Limited (NASDAQ:LZMH – Get Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 56,531 shares, a drop of 38.1% from the June 30th total of 91,400 shares. Based on an average daily volume of 44,442 shares, the short-interest ratio is presently 1.3 days. Currently, 0.6% of the shares of the stock are sold short.
Analysts Set New Price Targets
Several brokerages have recently issued reports on LZMH. Wall Street Zen upgraded shares of LZ Technology to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings cut shares of LZ Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Read Our Latest Report on LZ Technology
LZ Technology Stock Performance
LZ Technology (NASDAQ:LZMH – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($1.20) earnings per share (EPS) for the quarter. The firm had revenue of $51.80 million during the quarter.
Hedge Funds Weigh In On LZ Technology
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of LZ Technology during the fourth quarter worth about $33,000. PharVision Advisers LLC acquired a new position in shares of LZ Technology during the 3rd quarter worth $58,000. Finally, BNP Paribas Financial Markets acquired a new position in LZ Technology during the second quarter worth about $51,000.
About LZ Technology
As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services. For the six months ended June 30, 2024 and 2023, the Company had a total of 168 and 102 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.
See Also
- Five stocks we like better than LZ Technology
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for LZ Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LZ Technology and related companies with MarketBeat.com's FREE daily email newsletter.
