Kanzhun (NASDAQ:BZ) Trading 5.5% Higher - Should You Buy?

Shares of Kanzhun Limited (NASDAQ:BZ - Get Free Report) rose 5.5% during mid-day trading on Friday . The company traded as high as $14.55 and last traded at $14.62. Approximately 334,959 shares changed hands during trading, a decline of 89% from the average daily volume of 3,096,209 shares. The stock had previously closed at $13.86.

Analyst Ratings Changes

BZ has been the topic of a number of analyst reports. 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. Barclays boosted their target price on shares of Kanzhun from $14.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, December 9th. CLSA initiated coverage on shares of Kanzhun in a report on Monday, November 18th. They set an "outperform" rating and a $18.00 target price on the stock. Finally, Sanford C. Bernstein cut shares of Kanzhun from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $19.00 to $15.00 in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Kanzhun has a consensus rating of "Moderate Buy" and an average target price of $21.00.

Kanzhun Price Performance

The stock has a market cap of $5.57 billion, a P/E ratio of 32.65 and a beta of 0.49. The firm's fifty day moving average price is $13.70 and its two-hundred day moving average price is $14.49.

Kanzhun (NASDAQ:BZ - Get Free Report) last released its earnings results on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. On average, research analysts expect that Kanzhun Limited will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Kanzhun

Institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. purchased a new stake in Kanzhun during the third quarter valued at about $42,000. Van ECK Associates Corp purchased a new stake in Kanzhun during the third quarter valued at about $61,000. Premier Fund Managers Ltd boosted its holdings in shares of Kanzhun by 38.0% during the third quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company's stock worth $180,000 after purchasing an additional 2,884 shares during the period. DRW Securities LLC purchased a new stake in shares of Kanzhun during the third quarter worth about $203,000. Finally, Hancock Whitney Corp purchased a new stake in shares of Kanzhun during the third quarter worth about $228,000. 60.67% of the stock is currently owned by hedge funds and other 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.