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

Shares of Kanzhun Limited (NASDAQ:BZ - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $21.29.

Several brokerages have recently weighed in on BZ. CLSA assumed coverage on Kanzhun in a report on Monday, November 18th. They issued an "outperform" rating and a $18.00 price objective for the company. Citigroup dropped their price objective on Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, November 29th. Barclays boosted their target price on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Sanford C. Bernstein reiterated a "market perform" rating on shares of Kanzhun in a research note on Wednesday.

Kanzhun Stock Performance

NASDAQ BZ traded up $0.89 during trading on Wednesday, hitting $19.75. The stock had a trading volume of 9,786,630 shares, compared to its average volume of 4,302,225. Kanzhun has a 12 month low of $10.57 and a 12 month high of $22.74. The company's 50-day moving average price is $15.46 and its two-hundred day moving average price is $14.68. The company has a market capitalization of $7.52 billion, a PE ratio of 43.89 and a beta of 0.46.

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Kanzhun (NASDAQ:BZ - Get Free Report) last announced 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 net margin of 20.65% and a return on equity of 10.31%. As a group, equities analysts anticipate that Kanzhun will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Kanzhun

Several hedge funds have recently added to or reduced their stakes in BZ. Quadrant Capital Group LLC grew its position in shares of Kanzhun by 403.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after purchasing an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Kanzhun by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after acquiring an additional 1,542 shares during the period. Van ECK Associates Corp acquired a new position in Kanzhun in the 3rd quarter valued at $61,000. China Universal Asset Management Co. Ltd. bought a new stake in shares of Kanzhun during the 4th quarter valued at $63,000. Finally, Townsquare Capital LLC bought a new stake in shares of Kanzhun during the 4th quarter valued at $157,000. 60.67% of the stock is owned by institutional investors and hedge funds.

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.