Kanzhun Limited (NASDAQ:BZ) Receives $21.00 Average PT from Brokerages

Shares of Kanzhun Limited (NASDAQ:BZ) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.71.

BZ has been the topic of a number of recent analyst reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Citigroup dropped their target price on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Finally, Barclays lifted their target price on shares of Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BZ. Van ECK Associates Corp acquired a new position in shares of Kanzhun in the third quarter valued at $61,000. Crossmark Global Holdings Inc. raised its stake in shares of Kanzhun by 5.8% in the third quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock valued at $241,000 after purchasing an additional 759 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Kanzhun by 6.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 209,950 shares of the company’s stock valued at $3,645,000 after buying an additional 11,978 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Kanzhun by 4.7% in the 3rd quarter. GSA Capital Partners LLP now owns 64,978 shares of the company’s stock valued at $1,128,000 after buying an additional 2,919 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Kanzhun by 2.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 600,510 shares of the company’s stock valued at $10,425,000 after buying an additional 16,000 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Kanzhun Stock Performance

Shares of BZ stock opened at $20.56 on Wednesday. The stock’s 50 day simple moving average is $15.74 and its 200 day simple moving average is $14.80. Kanzhun has a twelve month low of $10.57 and a twelve month high of $22.74. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 45.69 and a beta of 0.46.

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.