Kanzhun Limited (NASDAQ:BZ) Receives Average Rating of “Moderate Buy” from Analysts

Kanzhun Limited (NASDAQ:BZ) has earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.71.

BZ has been the topic of a number of recent research reports. Sanford C. Bernstein restated a “market perform” rating and set a $18.00 target price on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays raised 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.

Hedge Funds Weigh In On Kanzhun

Several large investors have recently bought and sold shares of the stock. First Trust Advisors LP boosted its holdings in shares of Kanzhun by 7.7% in the fourth quarter. First Trust Advisors LP now owns 13,927 shares of the company’s stock valued at $192,000 after acquiring an additional 999 shares during the period. Quadrant Capital Group LLC boosted its stake in Kanzhun by 403.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock worth $25,000 after purchasing an additional 1,427 shares during the period. PNC Financial Services Group Inc. grew its position in Kanzhun by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock worth $41,000 after purchasing an additional 1,542 shares during the last quarter. Swiss National Bank increased its stake in Kanzhun by 0.3% in the fourth quarter. Swiss National Bank now owns 600,966 shares of the company’s stock valued at $8,293,000 after purchasing an additional 1,900 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Kanzhun by 9.3% in the fourth quarter. Rhumbline Advisers now owns 24,185 shares of the company’s stock valued at $334,000 after buying an additional 2,066 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Kanzhun Price Performance

BZ opened at $14.31 on Friday. The business has a fifty day moving average price of $17.10 and a 200 day moving average price of $15.48. Kanzhun has a 12 month low of $10.57 and a 12 month high of $22.74. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 31.80 and a beta of 0.32.

About Kanzhun

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.