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

Kanzhun Limited (NASDAQ:BZ) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $21.29.

Several analysts recently issued reports on BZ shares. Barclays lifted their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday. Sanford C. Bernstein reiterated a “market perform” rating on shares of Kanzhun in a research note on Wednesday. CLSA initiated coverage on Kanzhun in a research report on Monday, November 18th. They set an “outperform” rating and a $18.00 price objective for the company. Finally, Citigroup reduced their price objective on Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, November 29th.

Institutional Trading of Kanzhun

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its position in Kanzhun by 7,012.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company’s stock worth $40,378,000 after purchasing an additional 2,293,229 shares during the last quarter. Barclays PLC increased its stake in shares of Kanzhun by 58.7% in the third quarter. Barclays PLC now owns 450,663 shares of the company’s stock valued at $7,824,000 after buying an additional 166,683 shares during the period. Monolith Management Ltd bought a new position in shares of Kanzhun during the third quarter worth about $4,340,000. Union Bancaire Privee UBP SA acquired a new position in shares of Kanzhun in the fourth quarter worth approximately $333,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Kanzhun by 112.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,710 shares of the company’s stock worth $2,769,000 after acquiring an additional 106,226 shares during the period. 60.67% of the stock is currently owned by institutional investors.

Kanzhun Stock Performance

NASDAQ:BZ opened at $19.75 on Wednesday. Kanzhun has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 43.89 and a beta of 0.46. The stock has a fifty day moving average price of $15.46 and a 200-day moving average price of $14.65.

Kanzhun (NASDAQ:BZ) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Kanzhun had a net margin of 20.65% and a return on equity of 10.31%. Research 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.