Kanzhun Limited (NASDAQ:BZ) Receives $23.40 Consensus Target Price from Brokerages

Shares of Kanzhun Limited (NASDAQ:BZ) have earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $23.40.

BZ has been the subject of several analyst reports. Barclays dropped their price target on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Daiwa Capital Markets lowered shares of Kanzhun from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Finally, Daiwa America upgraded Kanzhun to a “hold” rating in a report on Thursday, July 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Atlas Capital Advisors LLC purchased a new position in Kanzhun during the 2nd quarter valued at about $25,000. UMB Bank n.a. purchased a new position in shares of Kanzhun during the third quarter valued at approximately $42,000. Summit Securities Group LLC bought a new stake in shares of Kanzhun in the 2nd quarter worth approximately $44,000. Blue Trust Inc. grew its stake in shares of 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 buying an additional 1,347 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Kanzhun during the 2nd quarter valued at approximately $204,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Trading Up 1.7 %

Shares of NASDAQ:BZ opened at $15.15 on Friday. The stock has a market capitalization of $5.76 billion, a P/E ratio of 38.85 and a beta of 0.52. The stock’s 50-day moving average price is $14.42 and its 200-day moving average price is $17.31. Kanzhun has a 12-month low of $10.57 and a 12-month high of $22.74.

Kanzhun (NASDAQ:BZ) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Kanzhun had a return on equity of 10.19% and a net margin of 20.90%. The business had revenue of $263.75 million for the quarter, compared to analysts’ expectations of $264.38 million. As a group, research analysts predict that Kanzhun will post 0.47 EPS 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.