KANZHUN (NASDAQ:BZ) Lowered to “Strong Sell” Rating by Zacks Research

KANZHUN (NASDAQ:BZ) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other analysts have also commented on BZ. Wall Street Zen lowered KANZHUN from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KANZHUN in a report on Monday, December 29th. Finally, Barclays dropped their target price on KANZHUN from $28.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

KANZHUN Stock Down 1.2%

KANZHUN stock opened at $13.65 on Tuesday. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 16.45 and a beta of 0.52. KANZHUN has a 52 week low of $12.85 and a 52 week high of $25.26. The business’s 50-day moving average price is $14.70 and its 200 day moving average price is $18.63.

Insider Transactions at KANZHUN

In other KANZHUN news, CEO Peng Jonathan Zhao sold 64,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $6.98, for a total transaction of $446,720.00. Following the transaction, the chief executive officer owned 576,000 shares in the company, 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On KANZHUN

Hedge funds have recently bought and sold shares of the business. APG Asset Management N.V. boosted its position in KANZHUN by 203.1% during the third quarter. APG Asset Management N.V. now owns 196,400 shares of the company’s stock worth $4,588,000 after purchasing an additional 131,600 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in KANZHUN during the third quarter worth approximately $1,571,000. Capital International Investors boosted its position in KANZHUN by 70.3% during the third quarter. Capital International Investors now owns 8,059,160 shares of the company’s stock worth $188,262,000 after purchasing an additional 3,326,548 shares in the last quarter. Nordea Investment Management AB boosted its position in KANZHUN by 255.5% during the fourth quarter. Nordea Investment Management AB now owns 1,329,223 shares of the company’s stock worth $26,930,000 after purchasing an additional 955,304 shares in the last quarter. Finally, Temasek Holdings Private Ltd boosted its position in KANZHUN by 16.5% during the third quarter. Temasek Holdings Private Ltd now owns 2,662,819 shares of the company’s stock worth $62,203,000 after purchasing an additional 376,545 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

About KANZHUN

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.