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Kanzhun Limited (NASDAQ:BZ) Receives Consensus Rating of "Moderate Buy" from Analysts

Kanzhun logo with Computer and Technology background

Kanzhun Limited (NASDAQ:BZ - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $21.57.

Several research analysts recently issued reports on BZ shares. Barclays dropped their price target on shares of Kanzhun from $27.00 to $14.00 and set an "overweight" rating for the company in a research report on Friday, August 30th. CLSA assumed coverage on Kanzhun in a research report on Monday, November 18th. They set an "outperform" rating and a $18.00 target price for the company. Finally, Citigroup decreased their price target on Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday.

Check Out Our Latest Stock Report on Kanzhun

Kanzhun Trading Up 7.3 %

NASDAQ:BZ traded up $0.92 during trading hours on Friday, hitting $13.50. 4,276,800 shares of the stock traded hands, compared to its average volume of 3,944,795. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 31.40 and a beta of 0.55. Kanzhun has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The firm has a 50 day moving average price of $15.06 and a 200 day moving average price of $16.17.

Kanzhun (NASDAQ:BZ - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. The company had revenue of $263.75 million during the quarter, compared to analysts' expectations of $264.38 million. Research analysts predict that Kanzhun will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Kanzhun by 812.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company's stock worth $123,607,000 after buying an additional 6,339,911 shares in the last quarter. RWC Asset Advisors US LLC raised its position in shares of Kanzhun by 79.8% during the second quarter. RWC Asset Advisors US LLC now owns 5,700,186 shares of the company's stock worth $107,220,000 after acquiring an additional 2,529,725 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Kanzhun by 10.4% during the second quarter. Federated Hermes Inc. now owns 5,368,870 shares of the company's stock valued at $100,988,000 after acquiring an additional 507,337 shares during the period. State Street Corp boosted its holdings in Kanzhun by 2.8% in the third quarter. State Street Corp now owns 5,084,631 shares of the company's stock valued at $88,269,000 after acquiring an additional 138,804 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Kanzhun in the third quarter worth about $64,220,000. 60.67% of the stock is owned by institutional investors.

Kanzhun Company Profile

(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.

See Also

Analyst Recommendations for Kanzhun (NASDAQ:BZ)

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