Analysts Set Kanzhun Limited (NASDAQ:BZ) PT at $21.71

Shares of Kanzhun Limited (NASDAQ:BZ - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $21.71.

BZ has been the topic of several analyst reports. Barclays boosted their target price on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Sanford C. Bernstein reiterated a "market perform" rating and set a $18.00 price objective on shares of Kanzhun in a research report on Wednesday, March 12th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BZ. Myriad Asset Management US LP bought a new position in Kanzhun in the first quarter worth approximately $2,734,000. California State Teachers Retirement System grew its position in shares of Kanzhun by 39.7% during the 4th quarter. California State Teachers Retirement System now owns 147,518 shares of the company's stock worth $2,036,000 after buying an additional 41,941 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Kanzhun during the fourth quarter valued at $1,979,000. GF Fund Management CO. LTD. bought a new stake in shares of Kanzhun in the fourth quarter valued at about $9,066,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Kanzhun by 38.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 114,088 shares of the company's stock worth $1,574,000 after acquiring an additional 31,739 shares during the period. Hedge funds and other institutional investors own 60.67% of the company's stock.

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Kanzhun Stock Down 6.2 %

NASDAQ BZ traded down $0.94 during trading hours on Friday, hitting $14.31. 6,065,248 shares of the company were exchanged, compared to its average volume of 4,674,363. Kanzhun has a 52 week low of $10.57 and a 52 week high of $22.74. The stock has a 50-day moving average price of $17.10 and a 200 day moving average price of $15.48. The stock has a market cap of $5.51 billion, a PE ratio of 31.80 and a beta of 0.32.

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.