Kanzhun Limited (NASDAQ:BZ – Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $11.01 and last traded at $11.07, with a volume of 4393964 shares traded. The stock had previously closed at $13.94.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on BZ shares. JPMorgan Chase & Co. lifted their price target on Kanzhun from $23.00 to $24.50 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Daiwa America raised shares of Kanzhun to a “hold” rating in a report on Thursday, July 25th. UBS Group increased their price target on shares of Kanzhun from $22.00 to $23.50 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Daiwa Capital Markets lowered shares of Kanzhun from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Finally, HSBC initiated coverage on Kanzhun in a report on Friday, May 24th. They issued a “buy” rating and a $30.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.
View Our Latest Stock Analysis on Kanzhun
Kanzhun Stock Down 18.9 %
Institutional Investors Weigh In On Kanzhun
Several institutional investors have recently made changes to their positions in the company. Atlas Capital Advisors LLC bought a new position in Kanzhun in the 2nd quarter valued at $25,000. Summit Securities Group LLC bought a new position in shares of Kanzhun in the second quarter worth about $44,000. Blue Trust Inc. increased its stake in Kanzhun by 21.4% in the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock worth $134,000 after buying an additional 1,347 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Kanzhun during the 2nd quarter valued at about $204,000. Finally, SIH Partners LLLP purchased a new stake in Kanzhun in the 2nd quarter valued at about $282,000. Institutional investors own 60.67% of the company’s stock.
About Kanzhun
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.
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