KANZHUN (NASDAQ:BZ) Price Target Raised to $25.00 at Barclays

Key Points

• Barclays has raised its price target for KANZHUN (NASDAQ:BZ) from $22.00 to $25.00, maintaining an "overweight" rating, which suggests a potential upside of 6.20% from its last close.
• Multiple analysts have recent evaluations on KANZHUN, with Jefferies upgrading its target to $24.00 and UBS Group setting a price objective of $26.00, while Zacks downgraded it to a "hold" rating.
• The stock is currently experiencing significant growth, with a 6.6% increase in shares, and has a market capitalization of $9.66 billion, reflecting a strong interest from hedge funds and institutional investors.

KANZHUN (NASDAQ:BZ - Free Report) had its target price raised by Barclays from $22.00 to $25.00 in a research report report published on Friday, MarketBeat Ratings reports. Barclays currently has an overweight rating on the stock.

Several other equities analysts have also weighed in on the stock. Zacks Research lowered shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. UBS Group upgraded shares of KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price objective on the stock in a report on Thursday, August 21st. Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Finally, Jefferies Financial Group upped their target price on shares of KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $21.17.

KANZHUN Trading Down 0.5%

Shares of NASDAQ BZ traded down $0.11 during mid-day trading on Friday, reaching $22.82. The company had a trading volume of 1,585,067 shares, compared to its average volume of 4,167,983. KANZHUN has a 1-year low of $10.57 and a 1-year high of $24.03. The company has a 50-day moving average price of $19.56 and a two-hundred day moving average price of $17.86. The stock has a market cap of $9.36 billion, a PE ratio of 34.06 and a beta of 0.41.

KANZHUN Announces Dividend

The business also recently announced a full year 25 dividend, which will be paid on Thursday, October 16th. Shareholders of record on Wednesday, October 8th will be paid a $0.084 dividend. The ex-dividend date of this dividend is Monday, October 6th. This represents a yield of 60.0%. KANZHUN's dividend payout ratio is presently 20.90%.

Institutional Investors Weigh In On KANZHUN

Several large investors have recently bought and sold shares of the company. First Horizon Advisors Inc. bought a new position in KANZHUN during the first quarter worth about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of KANZHUN during the 1st quarter valued at about $27,000. Brooklyn Investment Group increased its stake in KANZHUN by 3,115.4% during the 1st quarter. Brooklyn Investment Group now owns 2,926 shares of the company's stock worth $56,000 after purchasing an additional 2,835 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in KANZHUN by 39.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,211 shares of the company's stock worth $75,000 after purchasing an additional 1,185 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of KANZHUN by 315.5% in the second quarter. EverSource Wealth Advisors LLC now owns 5,850 shares of the company's stock valued at $104,000 after buying an additional 4,442 shares during the period. Institutional investors own 60.67% of the company's stock.

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.