KANZHUN (NASDAQ:BZ) Stock Price Up 6.5% – Time to Buy?

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)’s share price shot up 6.5% during mid-day trading on Wednesday . The company traded as high as $14.82 and last traded at $15.1610. Approximately 143,263 shares changed hands during trading, a decline of 96% from the average daily volume of 3,945,339 shares. The stock had previously closed at $14.23.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of KANZHUN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Barclays lowered 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. Wall Street Zen cut KANZHUN from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Sanford C. Bernstein raised KANZHUN from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $16.50 to $18.00 in a research report on Friday, June 5th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.75.

KANZHUN Stock Performance

The stock has a market capitalization of $6.20 billion, a P/E ratio of 14.82 and a beta of 0.50. The stock has a 50-day simple moving average of $13.77 and a 200 day simple moving average of $15.46.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Schroder Investment Management Group lifted its stake in KANZHUN by 15.9% in the fourth quarter. Schroder Investment Management Group now owns 24,433,878 shares of the company’s stock valued at $497,962,000 after buying an additional 3,352,779 shares during the period. Vanguard Group Inc. lifted its stake in KANZHUN by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 13,340,529 shares of the company’s stock valued at $271,880,000 after buying an additional 194,820 shares in the last quarter. Capital International Investors increased its position in shares of KANZHUN by 22.2% during the fourth quarter. Capital International Investors now owns 9,845,468 shares of the company’s stock worth $200,651,000 after acquiring an additional 1,786,308 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of KANZHUN by 14.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,416,759 shares of the company’s stock worth $191,915,000 after acquiring an additional 1,213,240 shares during the period. Finally, State Street Corp lifted its position in KANZHUN by 4.5% in the 4th quarter. State Street Corp now owns 7,006,834 shares of the company’s stock valued at $142,799,000 after acquiring an additional 299,001 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors.

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.