Kanzhun Limited (NASDAQ:BZ) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Kanzhun Limited (NASDAQ:BZ - Get Free Report) have received a consensus rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $18.50.

A number of equities analysts have recently commented on the company. Sanford C. Bernstein reiterated a "market perform" rating and issued a $18.00 price objective on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays increased their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th.

Kanzhun Trading Down 2.0%

NASDAQ BZ traded down $0.35 during trading on Monday, hitting $17.35. 303,897 shares of the company traded hands, compared to its average volume of 4,481,754. Kanzhun has a 12 month low of $10.57 and a 12 month high of $21.99. The business has a fifty day simple moving average of $16.44 and a 200 day simple moving average of $15.52. The company has a market capitalization of $6.75 billion, a P/E ratio of 38.50 and a beta of 0.35.

Institutional Trading of Kanzhun

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP grew its stake in shares of Kanzhun by 7.7% during the fourth quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock worth $192,000 after buying an additional 999 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of Kanzhun by 5.6% during the first quarter. Hancock Whitney Corp now owns 23,609 shares of the company's stock worth $453,000 after purchasing an additional 1,258 shares during the period. First Horizon Advisors Inc. acquired a new position in shares of Kanzhun during the first quarter worth $25,000. Quadrant Capital Group LLC lifted its holdings in shares of Kanzhun by 403.1% during the fourth 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Kanzhun during the first quarter worth $27,000. Institutional investors own 60.67% of the company's stock.

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.