Kanzhun (NASDAQ:BZ – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02, Zacks reports. Kanzhun had a net margin of 20.65% and a return on equity of 10.48%. Kanzhun updated its Q4 2024 guidance to EPS.
Kanzhun Stock Performance
Kanzhun stock opened at $14.78 on Friday. Kanzhun has a 52 week low of $10.57 and a 52 week high of $22.74. The firm has a market cap of $5.60 billion, a P/E ratio of 32.85 and a beta of 0.50. The business’s fifty day moving average is $14.67 and its two-hundred day moving average is $15.73.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Barclays increased their price objective on Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday. Sanford C. Bernstein cut shares of Kanzhun from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $19.00 to $15.00 in a report on Monday. Citigroup cut their target price on Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Finally, CLSA began coverage on Kanzhun in a research note on Monday, November 18th. They set an “outperform” rating and a $18.00 price target for the company. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.
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.
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