Kanzhun Limited (NASDAQ:BZ) Receives $25.00 Consensus Target Price from Analysts

Shares of Kanzhun Limited (NASDAQ:BZ) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $26.00.

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

Institutional Investors Weigh In On Kanzhun

A number of large investors have recently modified their holdings of the company. Daiwa Securities Group Inc. increased its holdings in shares of Kanzhun by 16.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company’s stock valued at $398,000 after acquiring an additional 3,470 shares during the last quarter. abrdn plc increased its stake in Kanzhun by 19.6% in the fourth quarter. abrdn plc now owns 58,056 shares of the company’s stock valued at $964,000 after purchasing an additional 9,520 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Kanzhun by 191.2% during the fourth quarter. New York State Common Retirement Fund now owns 167,719 shares of the company’s stock worth $2,786,000 after purchasing an additional 110,122 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Kanzhun by 49.9% in the 4th quarter. Russell Investments Group Ltd. now owns 353,341 shares of the company’s stock valued at $5,866,000 after buying an additional 117,663 shares in the last quarter. Finally, RWC Asset Advisors US LLC grew its position in shares of Kanzhun by 97.3% in the 4th quarter. RWC Asset Advisors US LLC now owns 1,777,557 shares of the company’s stock valued at $29,525,000 after buying an additional 876,824 shares during the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Trading Up 12.5 %

NASDAQ BZ opened at $12.32 on Friday. The stock has a fifty day simple moving average of $15.79 and a 200-day simple moving average of $17.88. The stock has a market cap of $4.69 billion, a PE ratio of 31.59 and a beta of 0.48. Kanzhun has a twelve month low of $10.57 and a twelve month high of $22.74.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Kanzhun had a net margin of 20.55% and a return on equity of 9.73%. The business had revenue of $263.75 million for the quarter, compared to the consensus estimate of $264.38 million. Research analysts predict that Kanzhun will post 0.5 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.