Kanzhun (NASDAQ:BZ) Shares Gap Down – What’s Next?

Kanzhun Limited (NASDAQ:BZ) gapped down before the market opened on Friday . The stock had previously closed at $14.31, but opened at $13.75. Kanzhun shares last traded at $14.09, with a volume of 1,042,146 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Sanford C. Bernstein reiterated a “market perform” rating and issued a $18.00 target price on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays increased their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Kanzhun currently has a consensus rating of “Moderate Buy” and an average price target of $21.71.

Kanzhun Trading Down 2.9 %

The firm has a market capitalization of $5.35 billion, a P/E ratio of 31.20 and a beta of 0.32. The business’s fifty day moving average is $17.10 and its 200 day moving average is $15.48.

Institutional Investors Weigh In On Kanzhun

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC lifted its position in shares of Kanzhun by 403.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock valued at $25,000 after acquiring an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Kanzhun by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock valued at $41,000 after purchasing an additional 1,542 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Kanzhun in the fourth quarter valued at $63,000. Townsquare Capital LLC acquired a new stake in shares of Kanzhun in the fourth quarter worth $157,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Kanzhun during the fourth quarter valued at $160,000. 60.67% of the stock is owned by institutional investors and hedge funds.

Kanzhun Company Profile

Kanzhun Limited, together with its subsidiaries, provides online recruitment services in the People's Republic of China. The company offers its recruitment services through a mobile app under the BOSS Zhipin brand name. Its services allow enterprise customers to access and interact with job seekers and manage their recruitment process.