Kanzhun (NASDAQ:BZ) Earns Buy Rating from Analysts at HSBC

HSBC initiated coverage on shares of Kanzhun (NASDAQ:BZFree Report) in a research report sent to investors on Friday, MarketBeat reports. The brokerage issued a buy rating and a $30.00 price objective on the stock.

Other analysts have also issued research reports about the stock. New Street Research raised shares of Kanzhun from a neutral rating to a buy rating and raised their price target for the company from $17.00 to $25.00 in a report on Wednesday, March 13th. JPMorgan Chase & Co. upped their price target on Kanzhun from $23.00 to $24.50 and gave the company an overweight rating in a research note on Wednesday, May 22nd. TheStreet upgraded Kanzhun from a d+ rating to a c- rating in a report on Wednesday, March 13th. Macquarie raised Kanzhun from a neutral rating to an outperform rating in a report on Tuesday, March 12th. Finally, UBS Group raised their target price on shares of Kanzhun from $22.00 to $23.50 and gave the company a neutral rating in a research note on Wednesday, May 22nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kanzhun has a consensus rating of Moderate Buy and a consensus target price of $22.67.

Get Our Latest Stock Report on Kanzhun

Kanzhun Trading Down 1.1 %

NASDAQ BZ opened at $21.21 on Friday. Kanzhun has a 1-year low of $12.57 and a 1-year high of $22.74. The company has a 50 day moving average of $19.62 and a 200-day moving average of $17.00. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 54.38 and a beta of 0.50.

Kanzhun (NASDAQ:BZGet Free Report) last released its quarterly earnings results on Tuesday, March 12th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $222.57 million during the quarter, compared to analysts’ expectations of $215.66 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 0.48 earnings per share for the current year.

Institutional Trading of Kanzhun

A number of large investors have recently made changes to their positions in BZ. Norges Bank bought a new stake in Kanzhun during the 4th quarter worth approximately $98,023,000. Assenagon Asset Management S.A. increased its position in shares of Kanzhun by 308.2% during the first quarter. Assenagon Asset Management S.A. now owns 2,765,211 shares of the company’s stock worth $48,474,000 after acquiring an additional 2,087,745 shares in the last quarter. GGV Capital LLC raised its holdings in shares of Kanzhun by 350.8% during the first quarter. GGV Capital LLC now owns 2,366,764 shares of the company’s stock worth $41,489,000 after acquiring an additional 1,841,764 shares during the period. Thornburg Investment Management Inc. bought a new stake in Kanzhun in the 1st quarter valued at $25,967,000. Finally, Matthews International Capital Management LLC boosted its stake in Kanzhun by 159.1% in the 4th quarter. Matthews International Capital Management LLC now owns 2,132,656 shares of the company’s stock worth $35,423,000 after purchasing an additional 1,309,699 shares during the period. Institutional investors own 60.67% of the company’s stock.

Kanzhun Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Kanzhun (NASDAQ:BZ)

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