Kanzhun Limited (NASDAQ:BZ) Receives Average Rating of “Moderate Buy” from Analysts

Kanzhun Limited (NASDAQ:BZ) has received a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.00.

A number of research firms have issued reports on BZ. Citigroup cut their target price on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Sanford C. Bernstein cut shares of Kanzhun from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $19.00 to $15.00 in a research note on Monday, December 9th. CLSA assumed coverage on shares of Kanzhun in a research report on Monday, November 18th. They set an “outperform” rating and a $18.00 target price for the company. Finally, Barclays raised their price target on Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th.

Institutional Trading of Kanzhun

Hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its holdings in shares of Kanzhun by 403.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock valued at $25,000 after purchasing an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Kanzhun by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock worth $41,000 after acquiring an additional 1,542 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of Kanzhun during the 3rd quarter worth approximately $61,000. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Kanzhun in the fourth quarter valued at approximately $63,000. Finally, Townsquare Capital LLC bought a new stake in shares of Kanzhun in the fourth quarter worth $157,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Kanzhun Price Performance

Shares of Kanzhun stock opened at $15.64 on Friday. The firm has a 50 day simple moving average of $14.44 and a 200 day simple moving average of $14.32. Kanzhun has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The firm has a market cap of $5.96 billion, a P/E ratio of 34.76 and a beta of 0.49.

Kanzhun (NASDAQ:BZ) last released its earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. On average, sell-side analysts expect that Kanzhun will post 0.46 EPS for the current 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.