Kanzhun Limited (NASDAQ:BZ - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $18.50.
A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays upped their price target on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th.
Check Out Our Latest Stock Analysis on BZ
Hedge Funds Weigh In On Kanzhun
Several hedge funds have recently made changes to their positions in the company. Barclays PLC grew its position in Kanzhun by 58.7% during the 3rd quarter. Barclays PLC now owns 450,663 shares of the company's stock worth $7,824,000 after purchasing an additional 166,683 shares during the period. CoreView Capital Management Ltd grew its position in Kanzhun by 23.5% during the 4th quarter. CoreView Capital Management Ltd now owns 3,055,650 shares of the company's stock worth $42,168,000 after purchasing an additional 580,583 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Kanzhun during the 4th quarter worth about $333,000. Mirae Asset Global Investments Co. Ltd. grew its position in Kanzhun by 112.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,710 shares of the company's stock worth $2,769,000 after purchasing an additional 106,226 shares during the period. Finally, Nan Fung Trinity HK Ltd. acquired a new stake in Kanzhun during the 4th quarter worth about $24,521,000. 60.67% of the stock is owned by institutional investors and hedge funds.
Kanzhun Stock Up 1.0%
Shares of Kanzhun stock traded up $0.17 on Monday, reaching $17.58. The stock had a trading volume of 2,371,601 shares, compared to its average volume of 4,511,988. The company has a 50 day moving average price of $16.54 and a 200 day moving average price of $15.49. The stock has a market capitalization of $6.84 billion, a P/E ratio of 39.07 and a beta of 0.35. Kanzhun has a 1 year low of $10.57 and a 1 year high of $21.99.
About Kanzhun
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Get Free ReportKanzhun 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.
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