Kanzhun Limited (NASDAQ:BZ) Receives Average Recommendation of “Moderate Buy” from Analysts

Kanzhun Limited (NASDAQ:BZGet Free Report) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $22.67.

A number of analysts have recently weighed in on BZ shares. New Street Research upgraded shares of Kanzhun from a “neutral” rating to a “buy” rating and raised their price target for the company from $17.00 to $25.00 in a report on Wednesday, March 13th. HSBC started coverage on Kanzhun in a research report on Friday, May 24th. They set a “buy” rating and a $30.00 price target on the stock. UBS Group raised their price objective on Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. upped their target price on Kanzhun from $23.00 to $24.50 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Finally, TheStreet raised Kanzhun from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th.

Read Our Latest Report on Kanzhun

Institutional Investors Weigh In On Kanzhun

Hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in shares of Kanzhun by 32.0% during 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 during the period. Schwab Charitable Fund purchased a new position in Kanzhun in the fourth quarter valued at $182,000. DNB Asset Management AS acquired a new position in shares of Kanzhun in the fourth quarter worth about $207,000. Quadrature Capital Ltd purchased a new stake in shares of Kanzhun during the 4th quarter worth about $348,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Kanzhun by 16.9% during 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 period. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Stock Up 1.6 %

Shares of NASDAQ BZ opened at $18.76 on Thursday. Kanzhun has a twelve month low of $12.57 and a twelve month high of $22.74. The business has a fifty day simple moving average of $20.44 and a two-hundred day simple moving average of $17.94. The firm has a market cap of $7.14 billion, a PE ratio of 48.10 and a beta of 0.49.

Kanzhun (NASDAQ:BZGet Free Report) last released its quarterly earnings data on Tuesday, May 21st. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $235.97 million during the quarter, compared to analyst estimates of $230.09 million. Kanzhun had a net margin of 20.55% and a return on equity of 9.73%. On average, research analysts expect that Kanzhun will post 0.52 earnings per share for the current year.

About Kanzhun

(Get Free Report

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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Analyst Recommendations for Kanzhun (NASDAQ:BZ)

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