Kanzhun (NASDAQ:BZ) Shares Gap Down to $16.17

Kanzhun Limited (NASDAQ:BZGet Rating)’s share price gapped down before the market opened on Thursday . The stock had previously closed at 16.17, but opened at 15.35. Kanzhun shares last traded at 15.61, with a volume of 30,648 shares changing hands.

Analysts Set New Price Targets

BZ has been the topic of a number of research analyst reports. Barclays lowered their price objective on shares of Kanzhun from $21.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, October 28th. UBS Group raised Kanzhun from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $29.00 to $27.50 in a research note on Tuesday, August 16th. Finally, The Goldman Sachs Group raised Kanzhun from a “neutral” rating to a “buy” rating and decreased their target price for the company from $27.50 to $23.00 in a research note on Monday, November 14th.

Kanzhun Stock Down 3.8 %

The company has a fifty day moving average of 16.33. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 72.37 and a beta of -0.67.

Kanzhun (NASDAQ:BZGet Rating) last released its quarterly earnings results on Tuesday, August 23rd. The company reported 0.04 EPS for the quarter, beating analysts’ consensus estimates of 0.03 by 0.01. The firm had revenue of 166.07 million for the quarter, compared to analyst estimates of 165.96 million. Kanzhun had a net margin of 13.49% and a return on equity of 5.68%. As a group, equities research analysts anticipate that Kanzhun Limited will post 0.1 EPS for the current year.

Institutional Trading of Kanzhun

Large investors have recently made changes to their positions in the business. KBC Group NV bought a new position in Kanzhun in the 3rd quarter worth approximately $38,000. Boston Partners bought a new stake in shares of Kanzhun during the third quarter worth $120,000. Macquarie Group Ltd. lifted its stake in shares of Kanzhun by 132.6% during the third quarter. Macquarie Group Ltd. now owns 9,776 shares of the company’s stock valued at $165,000 after acquiring an additional 5,573 shares during the period. IFM Investors Pty Ltd bought a new position in Kanzhun in the third quarter valued at about $170,000. Finally, National Pension Service increased its position in Kanzhun by 423.1% in the second quarter. National Pension Service now owns 6,800 shares of the company’s stock worth $179,000 after purchasing an additional 5,500 shares during the period. Institutional investors own 42.32% of the company’s stock.

About Kanzhun

(Get Rating)

Kanzhun Limited operates an online recruitment platform, BOSS Zhipin in the People's Republic of China. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations. The company was founded in 2013 and is headquartered in Beijing, the People's Republic of China.

Featured Stories

Receive News & Ratings for Kanzhun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kanzhun and related companies with MarketBeat.com's FREE daily email newsletter.