Kanzhun (NASDAQ:BZ - Free Report) had its price target upped by Barclays from $14.00 to $16.00 in a research note released on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.
Several other research analysts have also recently weighed in on BZ. CLSA started coverage on Kanzhun in a research report on Monday, November 18th. They set an "outperform" rating and a $18.00 price target for the company. Sanford C. Bernstein cut Kanzhun from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $19.00 to $15.00 in a research report on Monday. Finally, Citigroup reduced their price target on Kanzhun from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, November 29th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Kanzhun has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.
Check Out Our Latest Report on Kanzhun
Kanzhun Price Performance
Kanzhun stock traded up $1.42 during midday trading on Monday, reaching $15.34. The company's stock had a trading volume of 4,655,778 shares, compared to its average volume of 4,133,297. The stock's 50-day simple moving average is $14.94 and its 200-day simple moving average is $15.84. Kanzhun has a 52-week low of $10.57 and a 52-week high of $22.74. The stock has a market capitalization of $5.82 billion, a P/E ratio of 36.35 and a beta of 0.50.
Institutional Investors Weigh In On Kanzhun
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. raised its holdings in shares of Kanzhun by 5.8% in the 3rd 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. Atlas Capital Advisors LLC acquired a new position in Kanzhun during the 2nd quarter worth $25,000. Blue Trust Inc. grew its stake in Kanzhun by 21.4% during the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company's stock worth $134,000 after purchasing an additional 1,347 shares in the last quarter. Summit Securities Group LLC acquired a new position in Kanzhun during the 2nd quarter worth $44,000. Finally, UMB Bank n.a. acquired a new position in Kanzhun during the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 60.67% of the company's stock.
Kanzhun Company Profile
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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.
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