KANZHUN (NASDAQ:BZ) Shares Cross Below 200 Day Moving Average - What's Next?

Key Points

• KANZHUN shares fell below their 200-day moving average of $15.22, trading as low as $12.45 and last at $12.49 on volume of about 19.9 million shares.
• Analyst sentiment is mixed: MarketBeat reports an average “Hold” rating from five analysts and a consensus price target of $19.33.
• The company reported quarterly earnings of $0.33 per share on $353.05 million in revenue. Insiders sold a combined 16.6 million shares, worth about $121.6 million, over the prior 90 days.

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $15.22 and traded as low as $12.45. KANZHUN shares last traded at $12.49, with a volume of 19,890,909 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BZ shares. Bank of America began coverage on KANZHUN in a research note on Tuesday, August 18th. They set a "neutral" rating and a $19.00 price target for the company. Barclays raised their price target on KANZHUN from $19.00 to $20.00 and gave the company an "overweight" rating in a research report on Thursday, August 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of KANZHUN in a research report on Tuesday, November 3rd. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $19.00 price target on shares of KANZHUN in a report on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $19.33.

KANZHUN Price Performance

The business's 50 day simple moving average is $15.84 and its 200 day simple moving average is $15.22. The stock has a market cap of $5.18 billion, a P/E ratio of 8.80, a PEG ratio of 1.78 and a beta of 0.50.

KANZHUN (NASDAQ:BZ - Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.33 earnings per share for the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%. The company had revenue of $353.05 million for the quarter. Research analysts predict that KANZHUN LIMITED Sponsored ADR will post 1.00 earnings per share for the current year.

KANZHUN Dividend Announcement

The business also recently announced an annual dividend, which was paid on Wednesday, October 14th. Investors of record on Monday, September 28th were given a dividend of $0.51 per share. This represents a dividend yield of 360.0%. The ex-dividend date was Monday, September 28th. KANZHUN's dividend payout ratio (DPR) is 35.92%.

Insider Activity at KANZHUN

In other KANZHUN news, Director Yang Mu sold 60,704 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $7.46, for a total transaction of $452,851.84. Following the completion of the transaction, the director directly owned 143,356 shares in the company, valued at $1,069,435.76. This represents a 29.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Xu Chen sold 200,000 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $8.15, for a total value of $1,630,000.00. Following the transaction, the chief marketing officer owned 153,340 shares of the company's stock, valued at $1,249,721. This represents a 56.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,574,304 shares of company stock valued at $121,583,960 in the last 90 days. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KANZHUN

Large investors have recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in KANZHUN by 5,732.4% during the 1st quarter. Parallel Advisors LLC now owns 2,158 shares of the company's stock valued at $29,000 after purchasing an additional 2,121 shares during the last quarter. Silver Grove Financial Group Inc. grew its stake in KANZHUN by 54.1% during the third quarter. Silver Grove Financial Group Inc. now owns 2,917 shares of the company's stock worth $43,000 after buying an additional 1,024 shares during the last quarter. Global Retirement Partners LLC grew its stake in KANZHUN by 158.9% during the third quarter. Global Retirement Partners LLC now owns 3,441 shares of the company's stock worth $51,000 after buying an additional 2,112 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of KANZHUN by 8.5% during the third quarter. Hantz Financial Services Inc. now owns 11,003 shares of the company's stock worth $163,000 after buying an additional 865 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of KANZHUN during the third quarter worth approximately $167,000. Institutional investors own 60.67% of the company's stock.

KANZHUN Company Profile

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform that connects job seekers with employers in China. Its services are designed to help candidates find employment opportunities and enable businesses to recruit talent. The platform emphasizes direct communication between job seekers and recruiters, alongside tools for discovering and matching candidates with available positions. KANZHUN provides recruitment services through its mobile and online platforms. BOSS Zhipin was launched in 2014.

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