Kanzhun Limited (NASDAQ:BZ) Receives $21.00 Consensus PT from Brokerages

Kanzhun Limited (NASDAQ:BZ - Get Free Report) has earned an average rating of "Moderate Buy" from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $21.00.

BZ has been the topic of several research analyst reports. CLSA initiated coverage on shares of Kanzhun in a report on Monday, November 18th. They set an "outperform" rating and a $18.00 price target on the stock. Sanford C. Bernstein downgraded Kanzhun from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $19.00 to $15.00 in a research note on Monday, December 9th. Citigroup lowered their price target on Kanzhun from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, November 29th. Finally, Barclays raised their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, December 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BZ. Franklin Resources Inc. lifted its holdings in shares of Kanzhun by 12.8% during the third quarter. Franklin Resources Inc. now owns 136,728 shares of the company's stock valued at $2,201,000 after acquiring an additional 15,497 shares during the period. Tidal Investments LLC bought a new position in Kanzhun during the 3rd quarter valued at about $662,000. Geode Capital Management LLC boosted its position in Kanzhun by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,822,128 shares of the company's stock valued at $31,404,000 after buying an additional 58,065 shares in the last quarter. ABS Direct Equity Fund LLC grew its stake in Kanzhun by 84.5% during the third quarter. ABS Direct Equity Fund LLC now owns 104,172 shares of the company's stock worth $1,808,000 after buying an additional 47,700 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Kanzhun by 25.8% during the third quarter. M&T Bank Corp now owns 110,783 shares of the company's stock worth $1,923,000 after buying an additional 22,706 shares in the last quarter. Institutional investors own 60.67% of the company's stock.

Kanzhun Stock Down 0.2 %

Shares of NASDAQ BZ traded down $0.03 during mid-day trading on Thursday, hitting $13.76. 1,663,827 shares of the company traded hands, compared to its average volume of 4,195,523. Kanzhun has a 1 year low of $10.57 and a 1 year high of $22.74. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 30.58 and a beta of 0.50. The business has a 50 day moving average of $14.10 and a two-hundred day moving average of $15.22.

Kanzhun (NASDAQ:BZ - Get Free Report) last released its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) 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 10.48%. As a group, research analysts anticipate that Kanzhun will post 0.47 EPS 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.