Kanzhun Limited (NASDAQ:BZ) Receives $21.71 Average Target Price from Analysts

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

A number of analysts have weighed in on BZ shares. Barclays boosted their price target on Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Sanford C. Bernstein reissued a “market perform” rating and issued a $18.00 price objective on shares of Kanzhun in a research note on Wednesday, March 12th.

Institutional Trading of Kanzhun

Hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its position in Kanzhun by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock worth $25,000 after buying an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. lifted its position 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 worth $41,000 after acquiring an additional 1,542 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Kanzhun during the 4th quarter worth approximately $63,000. Townsquare Capital LLC bought a new stake in shares of Kanzhun during the fourth quarter valued at approximately $157,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Kanzhun during the fourth quarter worth $160,000. Institutional investors own 60.67% of the company’s stock.

Kanzhun Trading Down 6.4 %

Kanzhun stock opened at $14.15 on Friday. The company has a market capitalization of $5.44 billion, a P/E ratio of 31.45 and a beta of 0.32. Kanzhun has a 1-year low of $10.57 and a 1-year high of $22.74. The firm’s fifty day simple moving average is $17.10 and its 200-day simple moving average is $15.47.

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.