Analysts Set Kanzhun Limited (NASDAQ:BZ) PT at $22.67

Kanzhun Limited (NASDAQ:BZ) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $22.67.

A number of brokerages recently commented on BZ. Barclays increased their price target on Kanzhun from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. raised their price target on Kanzhun from $23.00 to $24.50 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. TheStreet raised Kanzhun from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. UBS Group lifted their price objective on Kanzhun from $22.00 to $23.50 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Finally, Macquarie raised Kanzhun from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 12th.

Kanzhun Stock Performance

BZ stock opened at $18.05 on Thursday. The stock’s 50 day simple moving average is $20.48 and its 200 day simple moving average is $17.91. Kanzhun has a fifty-two week low of $12.57 and a fifty-two week high of $22.74. The company has a market cap of $6.81 billion, a P/E ratio of 46.28 and a beta of 0.49.

Kanzhun (NASDAQ:BZ) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $235.97 million during the quarter, compared to the consensus estimate of $230.09 million. Kanzhun had a return on equity of 9.73% and a net margin of 20.55%. Equities analysts predict that Kanzhun will post 0.52 earnings per share for the current year.

Institutional Trading of Kanzhun

Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of Kanzhun by 32.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the company’s stock worth $56,000 after purchasing an additional 890 shares in the last quarter. Schwab Charitable Fund purchased a new position in Kanzhun in the 4th quarter worth approximately $182,000. DNB Asset Management AS purchased a new position in Kanzhun in the 4th quarter worth approximately $207,000. Quadrature Capital Ltd purchased a new stake in Kanzhun during the 4th quarter valued at $348,000. Finally, Daiwa Securities Group Inc. raised its stake in Kanzhun by 16.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company’s stock valued at $398,000 after buying an additional 3,470 shares during the last quarter. 60.67% of the stock is owned by institutional investors.

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.