Kanzhun Limited (NASDAQ:BZ) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Kanzhun Limited (NASDAQ:BZ) have been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $20.38.

A number of research firms have recently weighed in on BZ. New Street Research raised Kanzhun from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $17.00 to $25.00 in a research note on Wednesday, March 13th. Macquarie raised Kanzhun from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 12th. Barclays upped their price objective on Kanzhun from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Finally, TheStreet raised Kanzhun from a “d+” rating to a “c-” rating in a research note on Wednesday, March 13th.

Kanzhun Price Performance

BZ stock opened at $17.84 on Friday. Kanzhun has a 1-year low of $12.57 and a 1-year high of $21.32. The business has a fifty day moving average price of $17.38 and a 200-day moving average price of $16.05. The stock has a market capitalization of $6.70 billion, a P/E ratio of 54.06 and a beta of 0.59.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $222.57 million during the quarter, compared to analysts’ expectations of $215.66 million. Kanzhun had a return on equity of 8.44% and a net margin of 18.28%. As a group, analysts anticipate that Kanzhun will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Kanzhun

Several hedge funds and other institutional investors have recently modified their holdings of BZ. Employees Retirement System of Texas purchased a new position in Kanzhun during the 4th quarter worth $28,000. PNC Financial Services Group Inc. increased its holdings in Kanzhun by 67.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,922 shares of the company’s stock worth $39,000 after purchasing an additional 772 shares during the period. 1832 Asset Management L.P. purchased a new position in Kanzhun during the 4th quarter worth $49,000. Tower Research Capital LLC TRC increased its holdings in Kanzhun by 12,040.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,163 shares of the company’s stock worth $119,000 after purchasing an additional 7,104 shares during the period. Finally, Shell Asset Management Co. increased its holdings in Kanzhun by 256.5% during the 4th quarter. Shell Asset Management Co. now owns 8,200 shares of the company’s stock worth $136,000 after purchasing an additional 5,900 shares during the period. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Kanzhun Company Profile

Kanzhun Limited engages in the provision of online recruitment solutions in the People's Republic of China. The company offers its recruitment solutions through a mobile app under the BOSS Zhipin brand name. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations.