Kanzhun Limited (NASDAQ:BZ - Get Free Report) shares fell 5.2% on Tuesday . The stock traded as low as $15.15 and last traded at $15.26. 610,828 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 4,165,572 shares. The stock had previously closed at $16.10.
Analyst Ratings Changes
Several brokerages have recently weighed in on BZ. Barclays decreased their target price 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 Capital Markets cut Kanzhun from a "buy" rating to a "neutral" rating in a research report on Thursday, July 25th. Finally, Daiwa America upgraded shares of Kanzhun to a "hold" rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.40.
Get Our Latest Analysis on Kanzhun
Kanzhun Trading Down 6.1 %
The stock has a market cap of $5.75 billion, a P/E ratio of 38.13 and a beta of 0.52. The firm has a 50-day simple moving average of $14.31 and a two-hundred day simple moving average of $17.38.
Kanzhun (NASDAQ:BZ - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $0.13 EPS 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 company had revenue of $263.75 million during the quarter, compared to analysts' expectations of $264.38 million. Sell-side analysts predict that Kanzhun Limited will post 0.47 earnings per share for the current year.
Hedge Funds Weigh In On Kanzhun
Several hedge funds and other institutional investors have recently bought and sold shares of BZ. Atlas Capital Advisors LLC bought a new stake in Kanzhun during the second quarter worth $25,000. UMB Bank n.a. purchased a new position in shares of Kanzhun in the 3rd quarter worth about $42,000. Summit Securities Group LLC bought a new position in Kanzhun during the second quarter valued at approximately $44,000. Blue Trust Inc. grew its holdings in shares of Kanzhun by 21.4% during the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company's stock valued at $134,000 after purchasing an additional 1,347 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Kanzhun in the second quarter worth about $204,000. Institutional investors and hedge funds own 60.67% of the company's stock.
Kanzhun Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Kanzhun, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kanzhun wasn't on the list.
While Kanzhun currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
