Kanzhun (NASDAQ:BZ) Earns Outperform Rating from Analysts at CLSA

Equities research analysts at CLSA started coverage on shares of Kanzhun (NASDAQ:BZ) in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $18.00 price target on the stock. CLSA’s target price would indicate a potential upside of 33.93% from the company’s previous close.

Several other research analysts also recently weighed in on BZ. Daiwa America upgraded Kanzhun to a “hold” rating in a research note on Thursday, July 25th. Daiwa Capital Markets lowered shares of Kanzhun from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Finally, Barclays lowered their price target on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Kanzhun presently has a consensus rating of “Moderate Buy” and an average price target of $22.50.

Kanzhun Stock Down 0.4 %

NASDAQ:BZ opened at $13.44 on Monday. The firm has a market capitalization of $5.12 billion, a P/E ratio of 31.26 and a beta of 0.55. Kanzhun has a twelve month low of $10.57 and a twelve month high of $22.74. The company has a fifty day moving average of $14.92 and a 200-day moving average of $16.69.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Atlas Capital Advisors LLC purchased a new position in Kanzhun during the 2nd quarter valued at $25,000. UMB Bank n.a. purchased a new stake in Kanzhun in the third quarter worth about $42,000. Summit Securities Group LLC bought a new stake in Kanzhun during the 2nd quarter valued at approximately $44,000. Van ECK Associates Corp purchased a new position in shares of Kanzhun during the 3rd quarter worth approximately $61,000. Finally, Blue Trust Inc. raised its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

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.