KANZHUN (NASDAQ:BZ) Coverage Initiated at Bank of America

Stock analysts at Bank of America began coverage on shares of KANZHUN (NASDAQ:BZ) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage set a “neutral” rating and a $74.00 price target on the stock. Bank of America‘s price target would suggest a potential upside of 375.88% from the stock’s previous close.

A number of other brokerages have also weighed in on BZ. Sanford C. Bernstein raised shares of KANZHUN from a “market perform” rating to an “outperform” rating and raised their price target for the company from $16.50 to $18.00 in a research note on Friday, June 5th. Zacks Research raised KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings upgraded KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, KANZHUN currently has a consensus rating of “Moderate Buy” and an average target price of $32.20.

KANZHUN Stock Up 0.3%

Shares of NASDAQ BZ opened at $15.55 on Tuesday. The company’s 50-day simple moving average is $14.66 and its 200-day simple moving average is $14.80. KANZHUN has a 52-week low of $12.57 and a 52-week high of $25.26. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 15.25 and a beta of 0.48.

Institutional Investors Weigh In On KANZHUN

A number of large investors have recently made changes to their positions in BZ. WCM Investment Management LLC grew its holdings in KANZHUN by 374.7% in the 1st quarter. WCM Investment Management LLC now owns 1,529,841 shares of the company’s stock valued at $20,408,000 after buying an additional 1,207,553 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of KANZHUN by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 13,340,529 shares of the company’s stock worth $271,880,000 after acquiring an additional 194,820 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of KANZHUN by 38.5% during the 1st quarter. Bank of America Corp DE now owns 6,083,025 shares of the company’s stock worth $81,452,000 after acquiring an additional 1,690,275 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of KANZHUN by 217.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 286,787 shares of the company’s stock valued at $5,845,000 after acquiring an additional 196,332 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of KANZHUN by 43.3% during the 1st quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company’s stock valued at $76,305,000 after acquiring an additional 1,722,700 shares during the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

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.