KANZHUN (NASDAQ:BZ) Shares Gap Down – Time to Sell?

by · The Cerbat Gem

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZGet Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $14.11, but opened at $13.22. KANZHUN shares last traded at $13.3350, with a volume of 796,219 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BZ shares. Barclays cut their price objective on shares of KANZHUN from $28.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Wall Street Zen lowered shares of KANZHUN from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Zacks Research lowered shares of KANZHUN from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.00.

Read Our Latest Research Report on BZ

KANZHUN Stock Down 1.9%

The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 16.67 and a beta of 0.49. The stock’s 50 day moving average price is $13.83 and its two-hundred day moving average price is $17.58.

Insider Buying and Selling

In related news, CEO Peng Jonathan Zhao sold 64,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer owned 576,000 shares in the company, valued at approximately $4,020,480. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of KANZHUN

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BZ. AQR Capital Management LLC acquired a new stake in KANZHUN during the first quarter valued at $201,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in KANZHUN during the first quarter valued at $27,000. Millennium Management LLC grew its position in KANZHUN by 85.3% during the first quarter. Millennium Management LLC now owns 942,035 shares of the company’s stock valued at $18,059,000 after buying an additional 433,705 shares during the period. American Century Companies Inc. grew its position in KANZHUN by 3.1% during the second quarter. American Century Companies Inc. now owns 69,707 shares of the company’s stock valued at $1,244,000 after buying an additional 2,096 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in KANZHUN by 315.5% during the second quarter. EverSource Wealth Advisors LLC now owns 5,850 shares of the company’s stock valued at $104,000 after buying an additional 4,442 shares during the period. Institutional investors and hedge funds own 60.67% of the company’s stock.

About KANZHUN

(Get Free Report)

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.

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