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

Kanzhun Limited (NASDAQ:BZ) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $21.00.

A number of equities research analysts recently issued reports on BZ shares. Barclays upped their price target on shares of Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Sanford C. Bernstein cut shares of Kanzhun from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $19.00 to $15.00 in a research report on Monday, December 9th. CLSA began coverage on Kanzhun in a research report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price target for the company. Finally, Citigroup decreased their price objective on Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, November 29th.

Institutional Trading of Kanzhun

A number of institutional investors have recently modified their holdings of BZ. Franklin Resources Inc. increased its position in shares of Kanzhun by 12.8% during the third quarter. Franklin Resources Inc. now owns 136,728 shares of the company’s stock worth $2,201,000 after purchasing an additional 15,497 shares in the last quarter. Tidal Investments LLC acquired a new position in Kanzhun during the 3rd quarter valued at about $662,000. Geode Capital Management LLC increased its position in Kanzhun by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,822,128 shares of the company’s stock valued at $31,404,000 after buying an additional 58,065 shares in the last quarter. ABS Direct Equity Fund LLC raised its stake in Kanzhun by 84.5% in the third quarter. ABS Direct Equity Fund LLC now owns 104,172 shares of the company’s stock valued at $1,808,000 after buying an additional 47,700 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in Kanzhun by 25.8% in the third quarter. M&T Bank Corp now owns 110,783 shares of the company’s stock worth $1,923,000 after acquiring an additional 22,706 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors.

Kanzhun Stock Performance

Shares of BZ stock opened at $13.79 on Thursday. The stock has a fifty day simple moving average of $14.14 and a two-hundred day simple moving average of $15.23. Kanzhun has a 52-week low of $10.57 and a 52-week high of $22.74. The firm has a market capitalization of $5.23 billion, a PE ratio of 30.65 and a beta of 0.50.

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 net margin of 20.65% and a return on equity of 10.48%. On average, sell-side analysts forecast that Kanzhun will post 0.47 EPS for the current fiscal 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.