Kanzhun (NASDAQ:BZ) Shares Up 4.4% - Time to Buy?

Kanzhun Limited (NASDAQ:BZ - Get Free Report)'s stock price traded up 4.4% on Thursday . The stock traded as high as $17.99 and last traded at $17.90. 859,954 shares were traded during trading, a decline of 78% from the average session volume of 3,838,316 shares. The stock had previously closed at $17.14.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BZ. Citigroup cut 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. Sanford C. Bernstein downgraded Kanzhun from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $19.00 to $15.00 in a report on Monday, December 9th. Barclays upped their target price on shares of Kanzhun from $14.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Finally, CLSA initiated coverage on Kanzhun in a research note on Monday, November 18th. They set an "outperform" rating and a $18.00 target price for the company. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Kanzhun presently has an average rating of "Moderate Buy" and an average target price of $21.00.

Kanzhun Trading Down 3.1 %

The firm's 50-day moving average is $14.98 and its 200-day moving average is $14.50. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 38.44 and a beta of 0.46.

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Kanzhun (NASDAQ:BZ - Get Free Report) last issued its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, topping 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%. Analysts forecast that Kanzhun Limited will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Kanzhun

Institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its stake in Kanzhun by 403.1% in 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 during the period. PNC Financial Services Group Inc. increased its holdings in shares of Kanzhun by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after purchasing an additional 1,542 shares during the period. Van ECK Associates Corp purchased a new position in Kanzhun during the third quarter worth about $61,000. China Universal Asset Management Co. Ltd. bought a new stake in shares of Kanzhun during the 4th quarter valued at about $63,000. Finally, Premier Fund Managers Ltd increased its position in shares of Kanzhun by 38.0% in 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 last quarter. 60.67% of the stock is 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.