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

Shares of Kanzhun Limited (NASDAQ:BZ - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eleven analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $21.00.

A number of research analysts have commented on BZ shares. CLSA began coverage on Kanzhun in a report on Monday, November 18th. They issued an "outperform" rating and a $18.00 price objective on the stock. Barclays upped their price target on shares of Kanzhun from $14.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Sanford C. Bernstein cut shares of Kanzhun from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $19.00 to $15.00 in a research note on Monday, December 9th. Finally, Citigroup lowered their target price 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.

Kanzhun Trading Up 3.7 %

Shares of Kanzhun stock traded up $0.59 during trading on Friday, hitting $16.49. 6,812,293 shares of the stock were exchanged, compared to its average volume of 2,830,663. The company has a fifty day moving average price of $14.37 and a 200-day moving average price of $14.29. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 36.65 and a beta of 0.49. Kanzhun has a 1-year low of $10.57 and a 1-year high of $22.74.

Kanzhun (NASDAQ:BZ - Get Free Report) last issued its earnings results on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. Equities research analysts forecast that Kanzhun will post 0.46 EPS for the current fiscal year.

Institutional Trading of Kanzhun

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in Kanzhun by 3,918.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,648,976 shares of the company's stock worth $28,626,000 after acquiring an additional 1,607,941 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Kanzhun during the third quarter worth approximately $64,220,000. abrdn plc increased its holdings in Kanzhun by 36.0% in the third quarter. abrdn plc now owns 191,068 shares of the company's stock worth $3,344,000 after purchasing an additional 50,598 shares in the last quarter. Van ECK Associates Corp acquired a new position in Kanzhun in the third quarter valued at approximately $61,000. Finally, Ground Swell Capital LLC bought a new position in shares of Kanzhun during the 3rd quarter worth approximately $257,000. 60.67% of the stock is currently owned by institutional investors.

About Kanzhun

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.