Kanzhun (NASDAQ:BZ) Shares Gap Up to $12.73

Kanzhun Limited (NASDAQ:BZ)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $12.73, but opened at $13.80. Kanzhun shares last traded at $14.37, with a volume of 1,798,192 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BZ. Daiwa America raised shares of Kanzhun to a “hold” rating in a research report on Thursday, July 25th. Barclays dropped their target price on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, Daiwa Capital Markets cut Kanzhun from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.40.

Kanzhun Stock Performance

The firm has a market cap of $5.56 billion, a P/E ratio of 37.87 and a beta of 0.47. The firm’s fifty day moving average is $13.57 and its 200 day moving average is $17.55.

Kanzhun (NASDAQ:BZ) last posted its earnings results on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $263.75 million for the quarter, compared to the consensus estimate of $264.38 million. Kanzhun had a return on equity of 10.19% and a net margin of 20.90%. As a group, equities research analysts forecast that Kanzhun Limited will post 0.47 EPS for the current year.

Institutional Investors Weigh In On Kanzhun

Hedge funds and other institutional investors have recently modified their holdings of the company. Atlas Capital Advisors LLC acquired a new stake in shares of Kanzhun in the second quarter valued at approximately $25,000. Summit Securities Group LLC bought a new stake in shares of Kanzhun during the 2nd quarter valued at $44,000. Blue Trust Inc. raised its stake in Kanzhun by 21.4% in the second quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after purchasing an additional 1,347 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Kanzhun in the second quarter valued at approximately $204,000. Finally, SIH Partners LLLP acquired a new stake in shares of Kanzhun during the 2nd quarter valued at $282,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

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.