Brokerages Set Kanzhun Limited (NASDAQ:BZ) Price Target at $21.71

Kanzhun Limited (NASDAQ:BZ - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $21.71.

A number of brokerages recently issued reports on BZ. Barclays boosted their price target on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Sanford C. Bernstein reissued a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th.

Kanzhun Stock Performance

Kanzhun stock traded up $0.86 during trading hours on Thursday, hitting $16.36. The company had a trading volume of 2,839,440 shares, compared to its average volume of 4,643,476. The firm has a market cap of $6.37 billion, a P/E ratio of 36.36 and a beta of 0.32. The company has a 50-day moving average price of $16.77 and a two-hundred day moving average price of $15.20. Kanzhun has a 1 year low of $10.57 and a 1 year high of $22.74.

Institutional Trading of Kanzhun

Institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC boosted its stake in Kanzhun by 403.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock valued at $25,000 after acquiring an additional 1,427 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in Kanzhun in the first quarter valued at approximately $25,000. PNC Financial Services Group Inc. raised its holdings in shares of Kanzhun by 107.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after purchasing an additional 1,542 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of Kanzhun during the 4th quarter valued at about $63,000. Finally, Townsquare Capital LLC acquired a new position in Kanzhun in the fourth quarter valued at approximately $157,000. 60.67% of the stock is currently 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.