Kanzhun Limited (NASDAQ:BZ) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Kanzhun Limited (NASDAQ:BZ) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $23.40.

Several brokerages have recently weighed in on BZ. Barclays reduced their price objective 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 America upgraded shares of Kanzhun to a “hold” rating in a research report on Thursday, July 25th. Finally, Daiwa Capital Markets downgraded shares of Kanzhun from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th.

Institutional Investors Weigh In On Kanzhun

Several institutional investors have recently made changes to their positions in BZ. Goldman Sachs Group Inc. boosted its position in shares of Kanzhun by 21.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,978,186 shares of the company’s stock worth $82,688,000 after buying an additional 877,342 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Kanzhun by 31.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 150,279 shares of the company’s stock worth $2,634,000 after buying an additional 35,700 shares in the last quarter. Sei Investments Co. boosted its position in shares of Kanzhun by 25.3% in the 1st quarter. Sei Investments Co. now owns 700,049 shares of the company’s stock worth $12,272,000 after buying an additional 141,275 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Kanzhun by 7.5% in the 1st quarter. Jennison Associates LLC now owns 1,177,628 shares of the company’s stock worth $20,644,000 after buying an additional 82,287 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Kanzhun by 1.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 329,341 shares of the company’s stock worth $6,028,000 after buying an additional 6,203 shares in the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Kanzhun Stock Performance

NASDAQ BZ opened at $15.37 on Friday. The firm has a 50 day simple moving average of $14.38 and a 200-day simple moving average of $17.35. Kanzhun has a one year low of $10.57 and a one year high of $22.74. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 39.41 and a beta of 0.52.

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