Kanzhun Limited (NASDAQ:BZ) Receives $23.71 Average Price Target from Brokerages

Shares of Kanzhun Limited (NASDAQ:BZ) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $23.71.

A number of brokerages recently commented on BZ. HSBC started coverage on Kanzhun in a research report on Friday, May 24th. They set a “buy” rating and a $30.00 price target for the company. Daiwa Capital Markets cut Kanzhun from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Daiwa America upgraded shares of Kanzhun to a “hold” rating in a research report on Thursday, July 25th. UBS Group lifted their price objective on shares of Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Kanzhun from $23.00 to $24.50 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd.

Institutional Trading of Kanzhun

Several hedge funds and other institutional investors have recently modified their holdings of the business. Atlas Capital Advisors LLC purchased a new position in Kanzhun in the 2nd quarter valued at approximately $25,000. Summit Securities Group LLC bought a new position in shares of Kanzhun in the second quarter worth $44,000. Blue Trust Inc. grew its position in shares of Kanzhun by 21.4% in the second quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after purchasing an additional 1,347 shares in the last quarter. Schwab Charitable Fund bought a new stake in shares of Kanzhun during the 4th quarter valued at $182,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Kanzhun during the 2nd quarter worth about $204,000. Institutional investors own 60.67% of the company’s stock.

Kanzhun Trading Down 1.1 %

Shares of BZ opened at $13.40 on Monday. The firm’s fifty day simple moving average is $18.49 and its two-hundred day simple moving average is $17.96. Kanzhun has a 12 month low of $12.57 and a 12 month high of $22.74. The stock has a market capitalization of $5.10 billion, a P/E ratio of 34.36 and a beta of 0.48.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings results on Tuesday, May 21st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The business had revenue of $235.97 million during the quarter, compared to the consensus estimate of $230.09 million. Kanzhun had a net margin of 20.55% and a return on equity of 9.73%. As a group, research analysts predict that Kanzhun will post 0.5 EPS for the current fiscal year.

Kanzhun Company Profile

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.