Kanzhun Limited (NASDAQ:BZ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Kanzhun Limited (NASDAQ:BZ) has been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $20.38.

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

Institutional Trading of Kanzhun

A number of large investors have recently modified their holdings of BZ. PNC Financial Services Group Inc. increased its stake 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 valued at $56,000 after buying an additional 890 shares during the period. Aigen Investment Management LP bought a new position in Kanzhun in the third quarter valued at about $182,000. Schwab Charitable Fund purchased a new stake in Kanzhun in the fourth quarter worth about $182,000. Deltec Asset Management LLC purchased a new stake in shares of Kanzhun during the third quarter worth about $198,000. Finally, DNB Asset Management AS purchased a new stake in shares of Kanzhun during the fourth quarter worth about $207,000. Institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Up 1.9 %

BZ stock opened at $19.13 on Friday. The stock has a market cap of $7.18 billion, a PE ratio of 57.97 and a beta of 0.59. The firm’s 50-day simple moving average is $17.70 and its 200 day simple moving average is $16.14. Kanzhun has a fifty-two week low of $12.57 and a fifty-two week high of $21.32.

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