Kanzhun Limited (NASDAQ:BZ - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $12.73, but opened at $13.80. Kanzhun shares last traded at $14.37, with a volume of 1,798,192 shares traded.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on BZ shares. Daiwa America raised shares of Kanzhun to a "hold" rating in a report on Thursday, July 25th. Barclays reduced their target price on shares of Kanzhun from $27.00 to $14.00 and set an "overweight" rating for the company in a report on Friday, August 30th. Finally, Daiwa Capital Markets lowered shares of Kanzhun from a "buy" rating to a "neutral" rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.40.
Check Out Our Latest Stock Report on BZ
Kanzhun Price Performance
The company has a market capitalization of $5.78 billion, a P/E ratio of 38.95 and a beta of 0.47. The stock's 50 day simple moving average is $13.53 and its two-hundred day simple moving average is $17.54.
Kanzhun (NASDAQ:BZ - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.13 earnings per share for the quarter, beating 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 analyst estimates of $264.38 million. As a group, equities research analysts expect that Kanzhun Limited will post 0.47 earnings per share for the current year.
Hedge Funds Weigh In On Kanzhun
Several institutional investors and hedge funds have recently made changes to their positions in BZ. Atlas Capital Advisors LLC acquired a new stake in Kanzhun during the 2nd quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in Kanzhun in the 2nd quarter valued at $44,000. Blue Trust Inc. boosted its stake in Kanzhun by 21.4% in the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company's stock worth $134,000 after purchasing an additional 1,347 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Kanzhun during the 2nd quarter worth about $204,000. Finally, SIH Partners LLLP acquired a new stake in shares of Kanzhun in the 2nd quarter valued at about $282,000. Institutional investors and hedge funds own 60.67% of the company's stock.
Kanzhun Company Profile
(
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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.
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