Kanzhun Limited (NASDAQ:BZ) Given Average Rating of “Moderate Buy” by Analysts

Kanzhun Limited (NASDAQ:BZ) has been given an average rating of “Moderate Buy” by the nine ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $22.67.

BZ has been the subject of several recent research reports. Macquarie upgraded shares of Kanzhun from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 12th. JPMorgan Chase & Co. raised their price objective on Kanzhun from $23.00 to $24.50 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. UBS Group upped their target price on Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. TheStreet raised Kanzhun from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Finally, HSBC initiated coverage on Kanzhun in a report on Friday, May 24th. They issued a “buy” rating and a $30.00 price objective for the company.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Kanzhun by 32.0% during the third quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the company’s stock worth $56,000 after buying an additional 890 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Kanzhun by 6.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 32,066 shares of the company’s stock worth $565,000 after acquiring an additional 1,977 shares during the period. Daiwa Securities Group Inc. raised its stake in Kanzhun by 16.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company’s stock worth $398,000 after purchasing an additional 3,470 shares in the last quarter. Prudential PLC boosted its holdings in Kanzhun by 12.1% in the 3rd quarter. Prudential PLC now owns 36,027 shares of the company’s stock valued at $547,000 after purchasing an additional 3,876 shares during the period. Finally, Swiss National Bank grew its position in shares of Kanzhun by 0.9% during the 1st quarter. Swiss National Bank now owns 478,427 shares of the company’s stock worth $8,387,000 after purchasing an additional 4,400 shares in the last quarter. 60.67% of the stock is owned by institutional investors.

Kanzhun Trading Up 0.1 %

BZ stock opened at $20.28 on Friday. The business’s 50-day moving average price is $20.35 and its two-hundred day moving average price is $17.47. The firm has a market cap of $7.61 billion, a PE ratio of 52.00 and a beta of 0.53. Kanzhun has a 1-year low of $12.57 and a 1-year high of $22.74.

Kanzhun (NASDAQ:BZ) last posted its earnings results on Tuesday, May 21st. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $235.97 million for the quarter, compared to analyst estimates of $230.09 million. Kanzhun had a return on equity of 9.73% and a net margin of 20.55%. On average, analysts forecast that Kanzhun will post 0.52 earnings per share for the current year.

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.