Kanzhun Limited (NASDAQ:BZ) Receives $21.00 Average Price Target from Analysts

Shares of Kanzhun Limited (NASDAQ:BZ) have received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $21.00.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BZ. Crossmark Global Holdings Inc. raised its stake 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 worth $241,000 after acquiring an additional 759 shares in the last quarter. Atlas Capital Advisors LLC purchased a new position in Kanzhun in the 2nd quarter worth $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% during the third quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company’s stock valued at $180,000 after buying an additional 2,884 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of Kanzhun by 4.7% in the third quarter. GSA Capital Partners LLP now owns 64,978 shares of the company’s stock worth $1,128,000 after buying an additional 2,919 shares during the period. Institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Up 0.8 %

BZ opened at $13.87 on Thursday. The business has a 50 day moving average of $14.06 and a 200-day moving average of $15.12. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 30.82 and a beta of 0.50. Kanzhun has a 12-month low of $10.57 and a 12-month high of $22.74.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 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%. As a group, analysts expect that Kanzhun will post 0.47 earnings per share for the current year.

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.