KANZHUN (NASDAQ:BZ) Hits New 12-Month Low – What’s Next?

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)’s share price reached a new 52-week low on Thursday . The company traded as low as $12.61 and last traded at $12.8780, with a volume of 941582 shares traded. The stock had previously closed at $13.14.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays lowered their target price on KANZHUN from $28.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Zacks Research raised KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Sanford C. Bernstein upgraded shares of KANZHUN from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $16.50 to $18.00 in a research report on Friday, June 5th. Finally, Wall Street Zen cut shares of KANZHUN from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.75.

KANZHUN Price Performance

The stock has a 50 day moving average of $13.83 and a two-hundred day moving average of $16.18. The stock has a market capitalization of $5.40 billion, a PE ratio of 12.59 and a beta of 0.49.

Hedge Funds Weigh In On KANZHUN

A number of institutional investors and hedge funds have recently made changes to their positions in BZ. Cerity Partners LLC grew its stake in shares of KANZHUN by 2.5% during the 2nd quarter. Cerity Partners LLC now owns 22,291 shares of the company’s stock worth $398,000 after purchasing an additional 549 shares during the period. Larson Financial Group LLC lifted its stake in shares of KANZHUN by 93.1% in the fourth quarter. Larson Financial Group LLC now owns 1,690 shares of the company’s stock valued at $34,000 after purchasing an additional 815 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in KANZHUN by 7.2% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 14,231 shares of the company’s stock worth $290,000 after buying an additional 958 shares in the last quarter. Genus Capital Management Inc. boosted its holdings in KANZHUN by 7.1% during the fourth quarter. Genus Capital Management Inc. now owns 15,000 shares of the company’s stock worth $306,000 after buying an additional 1,000 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in KANZHUN by 25.6% during the third quarter. PNC Financial Services Group Inc. now owns 5,290 shares of the company’s stock worth $124,000 after buying an additional 1,079 shares during the period. 60.67% of the stock is owned by institutional investors and hedge funds.

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.