Kanzhun Limited (NASDAQ:BZ) Receives Average Rating of “Moderate Buy” from Analysts

Kanzhun Limited (NASDAQ:BZ) has received an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $20.38.

BZ has been the subject of several research analyst reports. New Street Research upgraded shares of Kanzhun from a “neutral” rating to a “buy” rating and upped their price objective for the company from $17.00 to $25.00 in a research note on Wednesday, March 13th. Barclays upped their price objective on shares of Kanzhun from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Macquarie upgraded shares of Kanzhun from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, TheStreet upgraded shares of Kanzhun from a “d+” rating to a “c-” rating in a research note on Wednesday, March 13th.

Institutional Investors Weigh In On Kanzhun

Hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in Kanzhun by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,502,710 shares of the company’s stock worth $352,108,000 after purchasing an additional 973,448 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Kanzhun by 14.9% during the first quarter. JPMorgan Chase & Co. now owns 13,097,337 shares of the company’s stock worth $249,242,000 after purchasing an additional 1,702,922 shares in the last quarter. Vanguard Group Inc. raised its holdings in Kanzhun by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 12,672,081 shares of the company’s stock worth $210,483,000 after purchasing an additional 56,649 shares in the last quarter. Brilliance Asset Management Ltd. raised its holdings in Kanzhun by 1.5% during the fourth quarter. Brilliance Asset Management Ltd. now owns 10,101,933 shares of the company’s stock worth $167,793,000 after purchasing an additional 153,010 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Kanzhun by 57.6% during the third quarter. BlackRock Inc. now owns 8,927,652 shares of the company’s stock worth $150,698,000 after purchasing an additional 3,263,310 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Kanzhun Stock Performance

Shares of BZ stock opened at $17.84 on Friday. Kanzhun has a 12 month low of $12.57 and a 12 month high of $21.32. The company has a market cap of $6.70 billion, a P/E ratio of 54.06 and a beta of 0.59. The firm has a fifty day moving average price of $17.38 and a 200 day moving average price of $16.05.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings data on Tuesday, March 12th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Kanzhun had a net margin of 18.28% and a return on equity of 8.44%. The company had revenue of $222.57 million during the quarter, compared to the consensus estimate of $215.66 million. On average, equities analysts forecast that Kanzhun will post 0.42 EPS for the current year.

About Kanzhun

Kanzhun Limited engages in the provision of online recruitment solutions in the People's Republic of China. The company offers its recruitment solutions through a mobile app under the BOSS Zhipin brand name. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations.