Kanzhun Limited (NASDAQ:BZ – Get Free Report) rose 5.5% during trading on Friday . The company traded as high as $14.55 and last traded at $14.62. Approximately 334,959 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 3,096,209 shares. The stock had previously closed at $13.86.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on BZ. Sanford C. Bernstein lowered shares of Kanzhun from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $19.00 to $15.00 in a research report on Monday, December 9th. Citigroup dropped 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 started coverage on Kanzhun in a research report on Monday, November 18th. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, Barclays upped their target price on Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.00.
Read Our Latest Research Report on BZ
Kanzhun Stock Performance
Kanzhun (NASDAQ:BZ – Get Free Report) last announced 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 net margin of 20.65% and a return on equity of 10.31%. Equities analysts predict that Kanzhun Limited will post 0.46 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Kanzhun
Hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Kanzhun by 812.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company’s stock valued at $123,607,000 after buying an additional 6,339,911 shares during the period. Assenagon Asset Management S.A. purchased a new position in Kanzhun in the third quarter valued at $64,220,000. National Bank of Canada FI acquired a new position in Kanzhun during the 3rd quarter worth $45,482,000. Nomura Asset Management Co. Ltd. increased its holdings 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 period. Finally, WCM Investment Management LLC raised its position in Kanzhun by 109.3% in the 3rd quarter. WCM Investment Management LLC now owns 3,157,794 shares of the company’s stock valued at $54,251,000 after purchasing an additional 1,649,411 shares in the last quarter. 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.
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