Needham & Company LLC Begins Coverage on Phoenix Tree (NASDAQ:LIZI)

Needham & Company LLC began coverage on shares of Phoenix Tree (NASDAQ:LIZI) in a research report report published on Tuesday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $19.00 price objective on the stock.

Shares of Phoenix Tree stock traded down $0.37 during midday trading on Tuesday, hitting $10.23. The company’s stock had a trading volume of 72,852 shares, compared to its average volume of 116,771. Phoenix Tree has a 1-year low of $10.16 and a 1-year high of $15.25.

About Phoenix Tree

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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