Kanzhun Limited (NASDAQ:BZ) Given Average Recommendation of “Moderate Buy” by Analysts

Kanzhun Limited (NASDAQ:BZ) has been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $23.40.

Several brokerages have recently issued reports on BZ. HSBC began coverage on Kanzhun in a research note on Friday, May 24th. They issued a “buy” rating and a $30.00 price target on the stock. Daiwa Capital Markets lowered Kanzhun from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. UBS Group upped their target price on shares of Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Barclays dropped their target price on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their price objective on Kanzhun from $23.00 to $24.50 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd.

Institutional Trading of Kanzhun

Large investors have recently added to or reduced their stakes in the stock. Atlas Capital Advisors LLC purchased a new stake in shares of Kanzhun during the second quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in shares of Kanzhun in the second quarter worth $44,000. Blue Trust Inc. raised its holdings in Kanzhun by 21.4% during the second quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after acquiring an additional 1,347 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Kanzhun in the 2nd quarter worth approximately $204,000. Finally, SIH Partners LLLP purchased a new position in shares of Kanzhun in the second quarter worth $282,000. Institutional investors own 60.67% of the company’s stock.

Kanzhun Price Performance

Shares of Kanzhun stock opened at $12.25 on Tuesday. Kanzhun has a 1 year low of $10.57 and a 1 year high of $22.74. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 31.41 and a beta of 0.47. The business has a fifty day simple moving average of $14.18 and a two-hundred day simple moving average of $17.68.

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.