Barclays Forecasts Strong Price Appreciation for Kanzhun (NASDAQ:BZ) Stock

Kanzhun (NASDAQ:BZ) had its price target lifted by research analysts at Barclays from $16.00 to $22.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 11.39% from the stock’s current price.

BZ has been the topic of several other research reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of Kanzhun in a report on Wednesday. CLSA assumed coverage on Kanzhun in a report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price objective on the stock. Finally, Citigroup decreased their price objective on Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.29.

Kanzhun Stock Up 4.7 %

NASDAQ BZ opened at $19.75 on Thursday. The stock’s 50-day simple moving average is $15.46 and its two-hundred day simple moving average is $14.65. Kanzhun has a twelve month low of $10.57 and a twelve month high of $22.74. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 43.89 and a beta of 0.46.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. On average, equities analysts expect that Kanzhun will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Kanzhun

Several large investors have recently modified their holdings of BZ. Quadrant Capital Group LLC grew its stake in shares of Kanzhun by 403.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock worth $25,000 after purchasing an additional 1,427 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Kanzhun by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock worth $41,000 after purchasing an additional 1,542 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Kanzhun in the third quarter worth about $61,000. China Universal Asset Management Co. Ltd. bought a new stake in shares of Kanzhun in the fourth quarter worth about $63,000. Finally, Townsquare Capital LLC bought a new stake in Kanzhun during the 4th quarter valued at approximately $157,000. 60.67% of the stock is owned by institutional investors.

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.