Kanzhun Limited (NASDAQ:BZ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Kanzhun Limited (NASDAQ:BZ) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $22.67.

Several brokerages recently commented on BZ. TheStreet raised Kanzhun from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. UBS Group boosted their price target on Kanzhun from $22.00 to $23.50 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Macquarie raised shares of Kanzhun from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 12th. JPMorgan Chase & Co. raised their price objective on shares of Kanzhun from $23.00 to $24.50 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Finally, HSBC assumed coverage on shares of Kanzhun in a report on Friday, May 24th. They set a “buy” rating and a $30.00 target price for the company.

Kanzhun Stock Performance

BZ opened at $18.89 on Thursday. The company’s 50-day simple moving average is $20.58 and its two-hundred day simple moving average is $17.84. Kanzhun has a 52-week low of $12.57 and a 52-week high of $22.74. The stock has a market capitalization of $7.12 billion, a P/E ratio of 48.44 and a beta of 0.49.

Kanzhun (NASDAQ:BZ) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Kanzhun had a net margin of 20.55% and a return on equity of 9.73%. The company had revenue of $235.97 million for the quarter, compared to the consensus estimate of $230.09 million. Research analysts forecast that Kanzhun will post 0.52 EPS for the current fiscal year.

Institutional Trading of Kanzhun

Several institutional investors and hedge funds have recently modified their holdings of BZ. PNC Financial Services Group Inc. lifted its holdings in Kanzhun by 32.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the company’s stock worth $56,000 after purchasing an additional 890 shares in the last quarter. Schwab Charitable Fund bought a new position in shares of Kanzhun during the fourth quarter worth $182,000. DNB Asset Management AS bought a new position in shares of Kanzhun during the fourth quarter worth $207,000. Quadrature Capital Ltd purchased a new position in Kanzhun during the fourth quarter valued at $348,000. Finally, Daiwa Securities Group Inc. increased its holdings in Kanzhun by 16.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company’s stock valued at $398,000 after acquiring an additional 3,470 shares during the last quarter. 60.67% of the stock is currently 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.