Kanzhun Limited (NASDAQ:BZ) Receives Average Rating of "Moderate Buy" from Brokerages

Kanzhun Limited (NASDAQ:BZ - Get Free Report) has received an average rating of "Moderate Buy" from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $23.40.

Several research firms recently commented on BZ. Daiwa Capital Markets cut Kanzhun from a "buy" rating to a "neutral" rating in a research report on Thursday, July 25th. Barclays lowered their target price on Kanzhun from $27.00 to $14.00 and set an "overweight" rating on the stock in a research report on Friday, August 30th. Finally, Daiwa America upgraded Kanzhun to a "hold" rating in a research report on Thursday, July 25th.

Kanzhun Stock Down 1.6 %

NASDAQ:BZ traded down $0.24 during trading hours on Wednesday, reaching $14.80. 4,124,490 shares of the stock were exchanged, compared to its average volume of 4,121,565. The stock has a market capitalization of $5.64 billion, a P/E ratio of 34.98 and a beta of 0.55. Kanzhun has a 52 week low of $10.57 and a 52 week high of $22.74. The firm has a 50 day simple moving average of $14.59 and a 200-day simple moving average of $16.96.

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

Institutional Investors Weigh In On Kanzhun

Several large investors have recently modified their holdings of the stock. Atlas Capital Advisors LLC acquired a new stake in shares of Kanzhun in the second quarter worth $25,000. UMB Bank n.a. acquired a new stake in shares of Kanzhun in the third quarter worth $42,000. Summit Securities Group LLC acquired a new stake in shares of Kanzhun in the second quarter worth $44,000. Van ECK Associates Corp acquired a new stake in shares of Kanzhun in the third quarter worth $61,000. Finally, Blue Trust Inc. boosted its position in shares of Kanzhun by 21.4% in the second quarter. Blue Trust Inc. now owns 7,638 shares of the company's stock worth $134,000 after buying an additional 1,347 shares during the period. 60.67% of the stock is owned by institutional investors.

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.