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

Shares of Kanzhun Limited (NASDAQ:BZ) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $21.00.

BZ has been the subject of a number of analyst reports. Barclays lifted their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, December 9th. CLSA started coverage on shares of Kanzhun in a report on Monday, November 18th. They set an “outperform” rating and a $18.00 price objective for the company. Citigroup cut their price target on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Finally, Sanford C. Bernstein cut shares of Kanzhun from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $19.00 to $15.00 in a report on Monday, December 9th.

Institutional Trading of Kanzhun

Several hedge funds and other institutional investors have recently modified their holdings of BZ. UMB Bank n.a. purchased a new position in Kanzhun in the 3rd quarter worth approximately $42,000. Van ECK Associates Corp purchased a new position in Kanzhun in the 3rd quarter worth approximately $61,000. China Universal Asset Management Co. Ltd. purchased a new position in Kanzhun in the 4th quarter worth approximately $63,000. Premier Fund Managers Ltd grew its stake in Kanzhun by 38.0% in the 3rd quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company’s stock worth $180,000 after buying an additional 2,884 shares in the last quarter. Finally, DRW Securities LLC purchased a new position in Kanzhun in the 3rd quarter worth approximately $203,000. Institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Up 4.1 %

Shares of NASDAQ BZ opened at $14.84 on Monday. Kanzhun has a twelve month low of $10.57 and a twelve month high of $22.74. The firm has a fifty day simple moving average of $13.77 and a 200 day simple moving average of $14.38. The company has a market capitalization of $5.65 billion, a PE ratio of 32.98 and a beta of 0.49.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Kanzhun had a net margin of 20.65% and a return on equity of 10.31%. As a group, equities analysts expect that Kanzhun will post 0.46 earnings per share for the current fiscal year.

About Kanzhun

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.