KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $18.50.

BZ has been the topic of several analyst reports. Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Barclays lifted their target price on KANZHUN from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $18.00 price target on shares of KANZHUN in a report on Wednesday, March 12th.

KANZHUN Price Performance

Shares of BZ stock opened at $17.75 on Friday. The company has a market capitalization of $6.91 billion, a PE ratio of 30.60 and a beta of 0.39. The firm's 50-day moving average is $16.69 and its two-hundred day moving average is $16.02. KANZHUN has a 12 month low of $10.57 and a 12 month high of $20.89.

Hedge Funds Weigh In On KANZHUN

Several hedge funds have recently bought and sold shares of BZ. Quadrant Capital Group LLC increased its stake in 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. First Horizon Advisors Inc. acquired a new position in shares of KANZHUN in the first quarter valued at approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in KANZHUN during the 1st quarter worth approximately $27,000. PNC Financial Services Group Inc. lifted its holdings in KANZHUN by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after buying an additional 1,542 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in KANZHUN by 3,115.4% in the 1st quarter. Brooklyn Investment Group now owns 2,926 shares of the company's stock valued at $56,000 after buying an additional 2,835 shares during the period. Institutional investors and hedge funds 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.

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