ZEEKR Intelligent Technology Holding Limited’s Lock-Up Period To Expire on November 6th (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 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. After the end of ZEEKR Intelligent Technology’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ZK shares. Bank of America cut their target price on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. CICC Research started coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They set an “outperform” rating and a $31.74 target price on the stock. Finally, Macquarie began coverage on shares of ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 target price on the stock. Six research analysts have rated the stock with a buy rating, According to 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

ZK opened at $25.11 on Friday. ZEEKR Intelligent Technology has a 12-month low of $13.00 and a 12-month high of $32.24. The business has a 50-day moving average price of $20.36.

ZEEKR Intelligent Technology (NYSE:ZK) last announced its quarterly earnings results 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, equities research analysts expect that ZEEKR Intelligent Technology will post -2.2 EPS for the current year.

Institutional Trading of ZEEKR Intelligent Technology

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