Phoenix Tree (NASDAQ:LIZI) Announces Earnings Results

Phoenix Tree (NASDAQ:LIZI) issued its earnings results on Thursday. The company reported ($0.11) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.11), Yahoo Finance reports. The business had revenue of $52.29 million during the quarter.

Phoenix Tree stock opened at $4.56 on Friday. The company’s 50-day moving average price is $5.33. Phoenix Tree has a 52-week low of $4.17 and a 52-week high of $15.25.

A number of equities analysts have weighed in on the company. Citigroup assumed coverage on Phoenix Tree in a research report on Monday, February 17th. They issued a “buy” rating and a $15.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $12.00 price target on shares of Phoenix Tree in a research note on Thursday, April 16th.

Phoenix Tree Company Profile

Lizhi Inc operates as an online UGC audio community in the People's Republic of China. It operates an interactive audio entertainment and online audio platform, as well as offers Lizhi app that allows users to record and share their voices on mobile devices. The company was founded in 2010 and is headquartered in Guangzhou, the People's Republic of China.

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