Kanzhun Limited (NASDAQ:BZ) Receives $21.57 Average PT from Analysts

Shares of Kanzhun Limited (NASDAQ:BZ) have been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $21.57.

BZ has been the subject of a number of recent analyst reports. CLSA initiated coverage on shares of Kanzhun in a report on Monday, November 18th. They set an “outperform” rating and a $18.00 price target for the company. Citigroup decreased their price target on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, November 29th. Finally, Barclays reduced their target price on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, August 30th.

Kanzhun Price Performance

Kanzhun stock opened at $14.02 on Friday. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 32.61 and a beta of 0.50. Kanzhun has a one year low of $10.57 and a one year high of $22.74. The company’s fifty day moving average price is $15.07 and its two-hundred day moving average price is $16.02.

Hedge Funds Weigh In On Kanzhun

A number of hedge funds and other institutional investors have recently bought and sold shares of BZ. Crossmark Global Holdings Inc. boosted its position in shares of Kanzhun by 5.8% during the third quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock worth $241,000 after purchasing an additional 759 shares in the last quarter. Atlas Capital Advisors LLC bought a new stake in Kanzhun in the 2nd quarter valued at $25,000. Blue Trust Inc. lifted its position in Kanzhun by 21.4% in the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after acquiring an additional 1,347 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Kanzhun by 6.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 32,066 shares of the company’s stock valued at $565,000 after acquiring an additional 1,977 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Kanzhun in the 2nd quarter valued at $44,000. 60.67% of the stock is owned by institutional investors.

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.