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

Kanzhun Limited (NASDAQ:BZ) has been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $23.40.

BZ has been the topic of several analyst reports. Daiwa Capital Markets cut shares of Kanzhun from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Barclays dropped their price target on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Daiwa America upgraded shares of Kanzhun to a “hold” rating in a research note on Thursday, July 25th.

Kanzhun Trading Up 0.4 %

NASDAQ:BZ opened at $17.00 on Friday. Kanzhun has a 12 month low of $10.57 and a 12 month high of $22.74. The company has a market cap of $6.47 billion, a PE ratio of 43.59 and a beta of 0.52. The company has a 50 day simple moving average of $14.19 and a two-hundred day simple moving average of $17.41.

Kanzhun (NASDAQ:BZ) last posted its earnings results on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $264.38 million. Research analysts forecast that Kanzhun will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BZ. Atlas Capital Advisors LLC bought a new position in shares of Kanzhun during the 2nd quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in Kanzhun during the 2nd quarter valued at approximately $44,000. UMB Bank n.a. bought a new stake in Kanzhun in the 3rd quarter worth approximately $42,000. Blue Trust Inc. increased its stake in Kanzhun by 21.4% in the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock worth $134,000 after acquiring an additional 1,347 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Kanzhun during the 2nd quarter worth approximately $204,000. 60.67% of the stock is owned by hedge funds and other 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.