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

Kanzhun Limited (NASDAQ:BZ) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $21.57.

A number of equities research analysts have weighed in on the company. Barclays reduced their target price on Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. CLSA started coverage on Kanzhun in a research report on Monday, November 18th. They issued an “outperform” rating and a $18.00 target price on the stock. Finally, Citigroup reduced their price target on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday.

Institutional Investors Weigh In On Kanzhun

Several large investors have recently added to or reduced their stakes in BZ. Swedbank AB bought a new position in shares of Kanzhun during the 1st quarter worth approximately $861,000. Monolith Management Ltd bought a new stake in Kanzhun in the third quarter valued at $4,340,000. WCM Investment Management LLC increased its position 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 buying an additional 1,649,411 shares in the last quarter. Deltec Asset Management LLC acquired a new position in shares of Kanzhun during the second quarter worth approximately $934,000. Finally, DekaBank Deutsche Girozentrale increased its stake in Kanzhun by 128.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 73,408 shares of the company’s stock valued at $1,377,000 after purchasing an additional 41,342 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Kanzhun Stock Up 7.3 %

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

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. The business had revenue of $263.75 million for the quarter, compared to analyst estimates of $264.38 million. On average, sell-side analysts expect that Kanzhun will post 0.47 earnings per share 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.