Kanzhun Limited (NASDAQ:BZ) Given Consensus Rating of "Moderate Buy" by Analysts

Kanzhun Limited (NASDAQ:BZ - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $23.40.

A number of brokerages have recently issued reports on BZ. Barclays dropped their price target on shares of Kanzhun from $27.00 to $14.00 and set an "overweight" rating on the stock in a research report on Friday, August 30th. Daiwa America upgraded shares of Kanzhun to a "hold" rating in a report on Thursday, July 25th. Finally, Daiwa Capital Markets downgraded Kanzhun from a "buy" rating to a "neutral" rating in a report on Thursday, July 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Kanzhun by 1.6% in the first quarter. Vanguard Group Inc. now owns 12,875,675 shares of the company's stock worth $225,711,000 after purchasing an additional 203,594 shares during the last quarter. Wellington Management Group LLP grew its position in Kanzhun by 21.8% during the fourth quarter. Wellington Management Group LLP now owns 6,976,129 shares of the company's stock valued at $115,874,000 after buying an additional 1,247,997 shares during the period. RWC Asset Advisors US LLC increased its holdings in 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 buying an additional 2,529,725 shares during the last quarter. Federated Hermes Inc. raised its position in Kanzhun by 10.4% in the second quarter. Federated Hermes Inc. now owns 5,368,870 shares of the company's stock worth $100,988,000 after acquiring an additional 507,337 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Kanzhun by 21.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,978,186 shares of the company's stock valued at $82,688,000 after acquiring an additional 877,342 shares during the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Kanzhun Stock Performance

Shares of BZ traded up $0.06 during trading hours on Friday, reaching $17.00. The stock had a trading volume of 3,167,502 shares, compared to its average volume of 4,180,829. Kanzhun has a 12 month low of $10.57 and a 12 month high of $22.74. The stock has a market capitalization of $6.47 billion, a PE ratio of 43.59 and a beta of 0.52. The company's 50-day moving average is $14.26 and its two-hundred day moving average is $17.39.

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

About Kanzhun

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.