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

Kanzhun Limited (NASDAQ:BZ) has received a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $21.57.

Several research firms have recently commented on BZ. Citigroup cut their price objective on Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday. CLSA began coverage on shares of Kanzhun in a research note on Monday, November 18th. They issued an “outperform” rating and a $18.00 price target for the company. Finally, Barclays decreased their price objective on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, August 30th.

Institutional Investors Weigh In On Kanzhun

Several hedge funds have recently bought and sold shares of BZ. Swedbank AB acquired a new stake in shares of Kanzhun during the first quarter worth $861,000. Monolith Management Ltd acquired a new stake in Kanzhun in the 3rd quarter worth about $4,340,000. WCM Investment Management LLC boosted its holdings in Kanzhun by 109.3% in the 3rd quarter. WCM Investment Management LLC now owns 3,157,794 shares of the company’s stock valued at $54,251,000 after purchasing an additional 1,649,411 shares during the period. Deltec Asset Management LLC acquired a new position in shares of Kanzhun during the 2nd quarter worth approximately $934,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Kanzhun by 128.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 73,408 shares of the company’s stock worth $1,377,000 after purchasing an additional 41,342 shares during the period. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Kanzhun Stock Up 7.3 %

Shares of NASDAQ:BZ opened at $13.50 on Friday. The firm has a market cap of $5.12 billion, a P/E ratio of 31.40 and a beta of 0.55. The company’s 50-day moving average price is $15.06 and its two-hundred day moving average price is $16.17. Kanzhun has a 12 month low of $10.57 and a 12 month high of $22.74.

Kanzhun (NASDAQ:BZ) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $263.75 million during the quarter, compared to analysts’ expectations of $264.38 million. Kanzhun had a return on equity of 10.19% and a net margin of 20.90%. As a group, equities analysts predict that Kanzhun will post 0.47 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.