KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report)'s stock price shot up 5.4% on Tuesday . The company traded as high as $19.00 and last traded at $18.77. 932,582 shares traded hands during trading, a decline of 79% from the average session volume of 4,465,878 shares. The stock had previously closed at $17.81.
Analyst Ratings Changes
A number of research firms have weighed in on BZ. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $18.00 price target 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 report on Thursday, March 13th. Finally, Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, KANZHUN currently has an average rating of "Moderate Buy" and a consensus target price of $18.50.
View Our Latest Analysis on KANZHUN
KANZHUN Stock Performance
The stock's fifty day moving average is $17.61 and its two-hundred day moving average is $16.38. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 30.71 and a beta of 0.41.
Institutional Investors Weigh In On KANZHUN
A number of large investors have recently added to or reduced their stakes in BZ. First Trust Advisors LP grew its holdings in KANZHUN by 7.7% during the 4th quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock worth $192,000 after acquiring an additional 999 shares in the last quarter. Hancock Whitney Corp grew its holdings in KANZHUN by 5.6% during the 1st quarter. Hancock Whitney Corp now owns 23,609 shares of the company's stock worth $453,000 after acquiring an additional 1,258 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in KANZHUN during the 1st quarter worth $25,000. Quadrant Capital Group LLC grew its holdings in KANZHUN by 403.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after acquiring an additional 1,427 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in KANZHUN during the 1st quarter worth $27,000. 60.67% of the stock is owned by institutional investors and hedge funds.
About KANZHUN
(
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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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