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

Shares of Kanzhun Limited (NASDAQ:BZ) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $21.00.

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

Kanzhun Stock Performance

Shares of NASDAQ BZ opened at $13.70 on Thursday. Kanzhun has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The stock has a market cap of $5.20 billion, a PE ratio of 30.45 and a beta of 0.50. The stock has a fifty day moving average of $14.03 and a 200-day moving average of $15.04.

Kanzhun (NASDAQ:BZ) last issued its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, beating the consensus estimate 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 predict that Kanzhun will post 0.47 EPS for the current year.

Institutional Investors Weigh In On Kanzhun

Hedge funds have recently made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its holdings in shares of Kanzhun by 5.8% during the third quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock valued at $241,000 after purchasing an additional 759 shares during the last quarter. Atlas Capital Advisors LLC purchased a new position in Kanzhun during the second quarter valued at $25,000. UMB Bank n.a. bought a new stake in Kanzhun in the third quarter worth $42,000. Premier Fund Managers Ltd grew its stake in shares of Kanzhun by 38.0% in the third quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company’s stock worth $180,000 after acquiring an additional 2,884 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of Kanzhun by 4.7% during the third quarter. GSA Capital Partners LLP now owns 64,978 shares of the company’s stock valued at $1,128,000 after acquiring an additional 2,919 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors.

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.