Kanzhun (NASDAQ:BZ) Stock Price Up 3.4% - Here's Why

Kanzhun Limited (NASDAQ:BZ - Get Free Report) was up 3.4% on Monday . The company traded as high as $14.83 and last traded at $14.85. Approximately 644,253 shares changed hands during trading, a decline of 87% from the average daily volume of 5,000,782 shares. The stock had previously closed at $14.36.

Wall Street Analysts Forecast Growth

BZ has been the subject of a number of recent analyst reports. Sanford C. Bernstein reissued a "market perform" rating and set a $18.00 price objective on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays lifted their price target on shares of Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $21.71.

Kanzhun Stock Up 3.6 %

The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 33.05 and a beta of 0.32. The business's fifty day moving average is $16.81 and its two-hundred day moving average is $15.21.

Institutional Investors Weigh In On Kanzhun

Several large investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. purchased a new position in Kanzhun in the first quarter valued at $25,000. Quadrant Capital Group LLC increased its holdings in shares of Kanzhun by 403.1% in the 4th 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 during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Kanzhun by 107.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after acquiring an additional 1,542 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Kanzhun during the 4th quarter worth about $63,000. Finally, Townsquare Capital LLC purchased a new stake in Kanzhun during the fourth quarter worth approximately $157,000. Hedge funds and other 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.

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