Analysts Set Kanzhun Limited (NASDAQ:BZ) PT at $21.00

Shares of Kanzhun Limited (NASDAQ:BZ) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and five have assigned 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 $21.29.

Several brokerages have recently commented on BZ. Citigroup lowered their price objective on Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Sanford C. Bernstein restated a “market perform” rating on shares of Kanzhun in a research report on Wednesday. CLSA started coverage on Kanzhun in a report on Monday, November 18th. They issued an “outperform” rating and a $18.00 target price on the stock. Finally, Barclays lifted their target price on Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday.

Institutional Investors Weigh In On Kanzhun

Large investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. boosted its position in shares of Kanzhun by 5.8% during the third quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock valued at $241,000 after buying an additional 759 shares during the period. First Trust Advisors LP boosted its position in shares of Kanzhun by 7.7% during the fourth quarter. First Trust Advisors LP now owns 13,927 shares of the company’s stock valued at $192,000 after buying an additional 999 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Kanzhun by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock valued at $25,000 after buying an additional 1,427 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Kanzhun by 107.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock valued at $41,000 after buying an additional 1,542 shares during the period. Finally, Swiss National Bank boosted its position in shares of Kanzhun by 0.3% during the fourth quarter. Swiss National Bank now owns 600,966 shares of the company’s stock valued at $8,293,000 after buying an additional 1,900 shares during the period. 60.67% of the stock is owned by institutional investors.

Kanzhun Stock Up 4.7 %

Shares of Kanzhun stock opened at $19.75 on Wednesday. The stock’s 50-day simple moving average is $15.46 and its 200-day simple moving average is $14.68. Kanzhun has a 52 week low of $10.57 and a 52 week high of $22.74. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 43.89 and a beta of 0.46.

About Kanzhun

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.