KANZHUN (NASDAQ:BZ) Research Coverage Started at Bank of America

Bank of America assumed coverage on shares of KANZHUN (NASDAQ:BZ) in a report published on Tuesday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $19.00 target price on the stock.

Several other equities research analysts have also commented on the stock. Sanford C. Bernstein upgraded shares of KANZHUN from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $16.50 to $18.00 in a research report on Friday, June 5th. Zacks Research upgraded shares of KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings upgraded shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.67.

KANZHUN Stock Performance

NASDAQ:BZ opened at $15.78 on Tuesday. The stock has a fifty day moving average price of $14.81 and a two-hundred day moving average price of $14.74. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.78 and a beta of 0.48. KANZHUN has a 1 year low of $12.57 and a 1 year high of $25.26.

Institutional Trading of KANZHUN

Several institutional investors and hedge funds have recently made changes to their positions in BZ. AQR Capital Management LLC purchased a new stake in KANZHUN during the 1st quarter worth about $201,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in KANZHUN in the 1st quarter valued at about $27,000. Millennium Management LLC lifted its holdings in KANZHUN by 85.3% in the 1st quarter. Millennium Management LLC now owns 942,035 shares of the company’s stock valued at $18,059,000 after purchasing an additional 433,705 shares in the last quarter. American Century Companies Inc. lifted its holdings in KANZHUN by 3.1% in the 2nd quarter. American Century Companies Inc. now owns 69,707 shares of the company’s stock valued at $1,244,000 after purchasing an additional 2,096 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of KANZHUN by 315.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,850 shares of the company’s stock worth $104,000 after purchasing an additional 4,442 shares during the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

KANZHUN Company Profile

Kanzhun Ltd. (NASDAQ: BZ) operates a leading AI-driven online recruitment platform under the brand name Boss Zhipin. The platform leverages algorithmic job matching and instant in-app messaging to connect job seekers and employers, streamlining the hiring process and reducing time-to-fill. By combining machine-learning recommendations with direct recruiter interactions, Kanzhun aims to create a more efficient, personalized recruitment experience compared with traditional job boards.

Beyond its core peer-to-peer marketplace, Kanzhun provides a suite of premium services for corporate clients, including employer branding packages, targeted marketing campaigns and SaaS-based human capital management tools.