KANZHUN (NASDAQ:BZ) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of KANZHUN (NASDAQ:BZ) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Several other analysts also recently weighed in on the company. Barclays reduced their target price on KANZHUN from $28.00 to $19.00 and set an “overweight” rating for the company in a report on Friday. Weiss Ratings reiterated 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 given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, KANZHUN presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

KANZHUN Stock Down 2.1%

BZ stock opened at $13.35 on Friday. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 16.08 and a beta of 0.45. KANZHUN has a fifty-two week low of $13.12 and a fifty-two week high of $25.26. The business has a 50 day moving average price of $16.99 and a 200 day moving average price of $20.20.

Insider Buying and Selling at KANZHUN

In related 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 transaction of $446,720.00. Following the transaction, 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 filing with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On KANZHUN

Several institutional investors have recently added to or reduced their stakes in BZ. APG Asset Management N.V. grew its holdings in KANZHUN by 203.1% in the third quarter. APG Asset Management N.V. now owns 196,400 shares of the company’s stock valued at $4,588,000 after purchasing an additional 131,600 shares during the period. Rakuten Investment Management Inc. purchased a new position in KANZHUN during the third quarter worth approximately $1,571,000. Skandinaviska Enskilda Banken AB publ raised its stake in KANZHUN by 37.4% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 195,900 shares of the company’s stock worth $3,495,000 after purchasing an additional 53,300 shares during the period. Capital International Investors boosted its holdings in shares of KANZHUN by 70.3% in the 3rd quarter. Capital International Investors now owns 8,059,160 shares of the company’s stock valued at $188,262,000 after purchasing an additional 3,326,548 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of KANZHUN during the 2nd quarter valued at $123,984,000. 60.67% of the stock is currently 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.