KANZHUN (NASDAQ:BZ) Lowered to Hold Rating by Zacks Research

KANZHUN (NASDAQ:BZ) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other analysts have also issued reports about the stock. Jefferies Financial Group raised their price objective on shares of KANZHUN from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. UBS Group upgraded shares of KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Thursday, August 21st. Barclays boosted their price target on KANZHUN from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Weiss Ratings cut KANZHUN from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, The Goldman Sachs Group restated a “buy” rating on shares of KANZHUN in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.17.

KANZHUN Trading Down 0.1%

Shares of NASDAQ BZ opened at $21.11 on Monday. The firm has a fifty day simple moving average of $22.98 and a two-hundred day simple moving average of $20.33. The firm has a market capitalization of $8.74 billion, a PE ratio of 31.51 and a beta of 0.42. KANZHUN has a 12 month low of $12.16 and a 12 month high of $25.26.

Hedge Funds Weigh In On KANZHUN

Hedge funds have recently bought and sold shares of the business. First Horizon Corp bought a new position in KANZHUN during the 3rd quarter valued at about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in KANZHUN during the 1st quarter valued at $27,000. Brooklyn Investment Group lifted its holdings in shares of KANZHUN by 3,115.4% during the 1st quarter. Brooklyn Investment Group now owns 2,926 shares of the company’s stock valued at $56,000 after buying an additional 2,835 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of KANZHUN by 194.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,288 shares of the company’s stock worth $77,000 after buying an additional 2,170 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in KANZHUN by 39.2% during the second quarter. PNC Financial Services Group Inc. now owns 4,211 shares of the company’s stock valued at $75,000 after acquiring an additional 1,185 shares during the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

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.