KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Given Average Rating of “Moderate Buy” by Analysts

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.50.

Separately, Daiwa America upgraded shares of KANZHUN from a “hold” rating to a “strong-buy” rating in a report on Monday, June 2nd.

KANZHUN Price Performance

Shares of NASDAQ BZ opened at $18.39 on Tuesday. KANZHUN has a one year low of $10.57 and a one year high of $20.81. The firm’s 50 day simple moving average is $17.79 and its two-hundred day simple moving average is $16.50. The stock has a market capitalization of $7.18 billion, a P/E ratio of 31.71 and a beta of 0.41.

Institutional Investors Weigh In On KANZHUN

A number of large investors have recently made changes to their positions in BZ. Charles Schwab Investment Management Inc. grew its stake in shares of KANZHUN by 14.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,816 shares of the company’s stock valued at $5,849,000 after purchasing an additional 53,225 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of KANZHUN by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock valued at $41,000 after acquiring an additional 1,542 shares during the period. Swiss National Bank grew its stake in shares of KANZHUN by 0.3% during the 4th quarter. Swiss National Bank now owns 600,966 shares of the company’s stock valued at $8,293,000 after acquiring an additional 1,900 shares during the period. OPTIMAS CAPITAL Ltd bought a new position in shares of KANZHUN during the 4th quarter valued at approximately $952,000. Finally, Quantbot Technologies LP bought a new position in shares of KANZHUN during the 4th quarter valued at approximately $306,000. 60.67% of the stock is currently owned by 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.