KANZHUN (NASDAQ:BZ) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of KANZHUN (NASDAQ:BZ) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Barclays reduced their price objective on shares of KANZHUN from $28.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Wall Street Zen lowered KANZHUN from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of KANZHUN in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

KANZHUN Stock Down 2.3%

Shares of BZ opened at $13.33 on Tuesday. KANZHUN has a 12-month low of $12.85 and a 12-month high of $25.26. The firm has a market capitalization of $5.60 billion, a PE ratio of 16.06 and a beta of 0.52. The stock’s fifty day simple moving average is $14.62 and its 200-day simple moving average is $18.59.

Insider Transactions at KANZHUN

In other KANZHUN news, CEO Peng Jonathan Zhao sold 64,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $6.98, for a total value of $446,720.00. Following the completion of the sale, the chief executive officer owned 576,000 shares of the company’s stock, valued at approximately $4,020,480. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On KANZHUN

Several institutional investors and hedge funds have recently made changes to their positions in BZ. Union Bancaire Privee UBP SA increased its position in shares of KANZHUN by 66.4% in the 1st quarter. Union Bancaire Privee UBP SA now owns 173,326 shares of the company’s stock valued at $2,321,000 after buying an additional 69,140 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in KANZHUN by 35.3% during the first quarter. Assenagon Asset Management S.A. now owns 4,162,348 shares of the company’s stock worth $55,734,000 after acquiring an additional 1,086,172 shares in the last quarter. SG Americas Securities LLC grew its stake in KANZHUN by 24.5% in the first quarter. SG Americas Securities LLC now owns 567,920 shares of the company’s stock valued at $7,604,000 after acquiring an additional 111,728 shares during the period. Invesco Ltd. grew its stake in KANZHUN by 4.5% in the fourth quarter. Invesco Ltd. now owns 3,493,465 shares of the company’s stock valued at $71,197,000 after acquiring an additional 148,919 shares during the period. Finally, Vident Advisory LLC grew its stake in KANZHUN by 3.5% in the fourth quarter. Vident Advisory LLC now owns 41,929 shares of the company’s stock valued at $855,000 after acquiring an additional 1,426 shares during the period. Institutional investors and hedge funds own 60.67% of the company’s stock.

KANZHUN Company Profile

Kanzhun Ltd. (NASDAQ: BZ) operates a leading AI-driven online recruitment platform under the brand name Boss Zhipin. The platform leverages algorithmic job matching and instant in-app messaging to connect job seekers and employers, streamlining the hiring process and reducing time-to-fill. By combining machine-learning recommendations with direct recruiter interactions, Kanzhun aims to create a more efficient, personalized recruitment experience compared with traditional job boards.

Beyond its core peer-to-peer marketplace, Kanzhun provides a suite of premium services for corporate clients, including employer branding packages, targeted marketing campaigns and SaaS-based human capital management tools.