Kanzhun Limited (NASDAQ:BZ) Given Consensus Rating of “Moderate Buy” by Analysts

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

BZ has been the subject of several recent research reports. 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. Sanford C. Bernstein cut 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. Citigroup cut their price target on Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, November 29th. Finally, CLSA assumed coverage on Kanzhun in a research note on Monday, November 18th. They issued an “outperform” rating and a $18.00 target price for the company.

Institutional Investors Weigh In On Kanzhun

A number of institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. purchased a new stake in shares of Kanzhun in the third quarter worth about $42,000. Van ECK Associates Corp purchased a new stake in shares of Kanzhun in the third quarter worth about $61,000. Premier Fund Managers Ltd boosted its position in shares of Kanzhun by 38.0% in the third 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 during the period. DRW Securities LLC purchased a new stake in shares of Kanzhun in the third quarter worth about $203,000. Finally, Hancock Whitney Corp purchased a new stake in shares of Kanzhun in the third quarter worth about $228,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Price Performance

BZ opened at $14.69 on Monday. The business has a 50 day simple moving average of $13.70 and a 200-day simple moving average of $14.45. The stock has a market capitalization of $5.57 billion, a P/E ratio of 32.65 and a beta of 0.49. Kanzhun has a 12 month low of $10.57 and a 12 month high of $22.74.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings data 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 return on equity of 10.31% and a net margin of 20.65%. Research analysts anticipate 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.