Barclays Issues Positive Forecast for Kanzhun (NASDAQ:BZ) Stock Price

Kanzhun (NASDAQ:BZ) had its price objective lifted by analysts at Barclays from $14.00 to $16.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 14.94% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Citigroup lowered their price target on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, November 29th. CLSA began coverage on Kanzhun in a report on Monday, November 18th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, Sanford C. Bernstein downgraded Kanzhun from an “outperform” rating to a “market perform” rating and cut their target price for the company from $19.00 to $15.00 in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Kanzhun Trading Up 0.2 %

Shares of Kanzhun stock opened at $13.92 on Monday. The firm has a market cap of $5.28 billion, a PE ratio of 32.37 and a beta of 0.50. The stock has a 50 day moving average of $14.94 and a 200 day moving average of $15.84. Kanzhun has a 12 month low of $10.57 and a 12 month high of $22.74.

Institutional Trading of Kanzhun

A number of hedge funds have recently added to or reduced their stakes in BZ. Crossmark Global Holdings Inc. lifted its holdings in Kanzhun by 5.8% during the third quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock worth $241,000 after buying an additional 759 shares during the period. Atlas Capital Advisors LLC purchased a new stake in shares of Kanzhun during the 2nd quarter worth $25,000. Blue Trust Inc. boosted its position in Kanzhun by 21.4% during the second quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after purchasing an additional 1,347 shares in the last quarter. Summit Securities Group LLC purchased a new position in Kanzhun in the second quarter valued at about $44,000. Finally, UMB Bank n.a. bought a new position in Kanzhun in the third quarter worth about $42,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

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.