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

Shares of Kanzhun Limited (NASDAQ:BZ) have been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat.com 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 target price among analysts that have issued ratings on the stock in the last year is $21.00.

BZ has been the topic of a number of recent research reports. CLSA assumed coverage on Kanzhun in a research note on Monday, November 18th. They set an “outperform” rating and a $18.00 price target on the stock. Sanford C. Bernstein lowered shares of Kanzhun from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $19.00 to $15.00 in a report on Monday, December 9th. Citigroup dropped 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. Finally, Barclays boosted their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th.

Institutional Trading of Kanzhun

Hedge funds have recently made changes to their positions in the company. Crossmark Global Holdings Inc. raised its holdings in Kanzhun by 5.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock valued at $241,000 after acquiring an additional 759 shares during the period. UMB Bank n.a. bought a new stake in shares of Kanzhun during the 3rd quarter valued at $42,000. Premier Fund Managers Ltd lifted its holdings in Kanzhun by 38.0% during the 3rd quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company’s stock worth $180,000 after purchasing an additional 2,884 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Kanzhun by 4.7% in the 3rd quarter. GSA Capital Partners LLP now owns 64,978 shares of the company’s stock worth $1,128,000 after purchasing an additional 2,919 shares during the period. Finally, Van ECK Associates Corp purchased a new position in Kanzhun during the 3rd quarter valued at about $61,000. 60.67% of the stock is currently owned by institutional investors.

Kanzhun Trading Up 0.3 %

BZ stock opened at $14.61 on Monday. Kanzhun has a 1-year low of $10.57 and a 1-year high of $22.74. The firm has a market capitalization of $5.56 billion, a PE ratio of 32.47 and a beta of 0.49. The business’s 50 day simple moving average is $13.72 and its 200 day simple moving average is $14.40.

Kanzhun (NASDAQ:BZ) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. As a group, sell-side analysts predict that Kanzhun will post 0.46 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.