Kanzhun Limited (NASDAQ:BZ - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $20.56, but opened at $19.59. Kanzhun shares last traded at $20.29, with a volume of 870,135 shares trading hands.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on BZ. Barclays upped their price target on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Citigroup cut their target price on shares of Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, November 29th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a report on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $21.71.
View Our Latest Stock Report on Kanzhun
Kanzhun Price Performance
The stock has a market cap of $7.61 billion, a PE ratio of 44.42 and a beta of 0.46. The firm has a 50 day moving average of $16.17 and a two-hundred day moving average of $14.97.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its stake in Kanzhun by 403.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after acquiring an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. increased 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 worth $41,000 after purchasing an additional 1,542 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Kanzhun in the 4th quarter valued at about $63,000. Townsquare Capital LLC purchased a new stake in shares of Kanzhun in the 4th quarter valued at about $157,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Kanzhun in the 4th quarter valued at about $160,000. Institutional investors and hedge funds own 60.67% of the company's stock.
Kanzhun Company Profile
(
Get Free Report)
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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