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 analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $21.00.

Several research firms have commented on BZ. Barclays increased their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Citigroup reduced their target price on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Sanford C. Bernstein downgraded shares of 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. Finally, CLSA assumed coverage on shares of Kanzhun in a research note on Monday, November 18th. They issued an “outperform” rating and a $18.00 target price on the stock.

Kanzhun Stock Down 0.3 %

BZ stock opened at $15.90 on Friday. Kanzhun has a 52 week low of $10.57 and a 52 week high of $22.74. The company has a fifty day simple moving average of $14.26 and a two-hundred day simple moving average of $14.23. The firm has a market capitalization of $6.06 billion, a P/E ratio of 35.33 and a beta of 0.49.

Kanzhun (NASDAQ:BZ) last released 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 10.31%. As a group, analysts anticipate that Kanzhun will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BZ. Quadrant Capital Group LLC raised its holdings in shares of Kanzhun by 403.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock valued at $25,000 after purchasing an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Kanzhun by 107.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock worth $41,000 after buying an additional 1,542 shares during the last quarter. Van ECK Associates Corp purchased a new stake in Kanzhun during the 3rd quarter worth approximately $61,000. China Universal Asset Management Co. Ltd. purchased a new stake in Kanzhun during the 4th quarter worth approximately $63,000. Finally, Townsquare Capital LLC purchased a new stake in Kanzhun during the 4th quarter worth approximately $157,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

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.