Kanzhun Limited (NASDAQ:BZ) Given Average Recommendation of “Moderate Buy” by Analysts

Kanzhun Limited (NASDAQ:BZ) has been given an average rating of “Moderate Buy” by the eleven research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $21.00.

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

Kanzhun Stock Up 0.7 %

BZ stock opened at $13.80 on Thursday. The firm has a market cap of $5.23 billion, a PE ratio of 30.67 and a beta of 0.50. The business has a 50 day moving average of $13.99 and a 200-day moving average of $14.99. Kanzhun has a 12-month low of $10.57 and a 12-month high of $22.74.

Kanzhun (NASDAQ:BZ) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Kanzhun had a return on equity of 10.48% and a net margin of 20.65%. On average, research analysts expect that Kanzhun will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Atlas Capital Advisors LLC bought a new position in shares of Kanzhun in the second quarter worth $25,000. UMB Bank n.a. bought a new position in Kanzhun in the 3rd quarter worth about $42,000. Van ECK Associates Corp purchased a new stake in shares of Kanzhun in the 3rd quarter valued at about $61,000. Premier Fund Managers Ltd boosted its position in shares of Kanzhun by 38.0% during the 3rd quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company’s stock valued at $180,000 after acquiring an additional 2,884 shares during the last quarter. Finally, DRW Securities LLC purchased a new position in shares of Kanzhun during the third quarter worth about $203,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

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.