Kanzhun Limited (NASDAQ:BZ) Given Consensus Recommendation of "Moderate Buy" by Analysts

Kanzhun Limited (NASDAQ:BZ - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eleven research firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $21.00.

Several analysts recently weighed in on BZ shares. Citigroup cut their price target on shares of Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, November 29th. Sanford C. Bernstein cut shares of Kanzhun from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $19.00 to $15.00 in a research report on Monday, December 9th. Barclays raised their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Finally, CLSA started coverage on Kanzhun in a report on Monday, November 18th. They set an "outperform" rating and a $18.00 target price on the stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BZ. UMB Bank n.a. bought a new stake in Kanzhun in the 3rd quarter worth about $42,000. Van ECK Associates Corp purchased a new stake in shares of Kanzhun during the 3rd quarter valued at about $61,000. Premier Fund Managers Ltd grew its stake in shares of Kanzhun by 38.0% in the third quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company's stock worth $180,000 after acquiring an additional 2,884 shares during the period. DRW Securities LLC purchased a new position in shares of Kanzhun during the third quarter valued at approximately $203,000. Finally, Hancock Whitney Corp bought a new position in Kanzhun during the third quarter valued at approximately $228,000. Institutional investors own 60.67% of the company's stock.

Kanzhun Stock Performance

BZ traded up $0.83 on Monday, hitting $14.69. 2,625,870 shares of the company were exchanged, compared to its average volume of 3,141,024. The firm has a fifty day simple moving average of $13.70 and a two-hundred day simple moving average of $14.45. The stock has a market capitalization of $5.57 billion, a PE ratio of 32.65 and a beta of 0.49. Kanzhun has a 12 month low of $10.57 and a 12 month high of $22.74.

Kanzhun (NASDAQ:BZ - Get Free Report) last announced its quarterly earnings results 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%. On average, equities analysts expect that Kanzhun will post 0.46 earnings per share for the current 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.