Kanzhun (NASDAQ:BZ) PT Raised to $24.50

Kanzhun (NASDAQ:BZ) had its price target increased by investment analysts at JPMorgan Chase & Co. from $23.00 to $24.50 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 14.27% from the company’s current price.

BZ has been the subject of several other research reports. New Street Research raised shares of Kanzhun from a “neutral” rating to a “buy” rating and increased their price objective for the company from $17.00 to $25.00 in a research report on Wednesday, March 13th. Barclays upped their price objective on Kanzhun from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Macquarie upgraded Kanzhun from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, TheStreet raised Kanzhun from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.75.

Kanzhun Stock Down 4.1 %

Shares of BZ stock opened at $21.44 on Wednesday. Kanzhun has a fifty-two week low of $12.57 and a fifty-two week high of $22.74. The business has a fifty day simple moving average of $19.55 and a 200-day simple moving average of $16.91. The stock has a market cap of $8.05 billion, a P/E ratio of 54.97 and a beta of 0.50.

Kanzhun (NASDAQ:BZ) last released its earnings results on Tuesday, March 12th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Kanzhun had a return on equity of 9.88% and a net margin of 20.55%. The firm had revenue of $222.57 million during the quarter, compared to analyst estimates of $215.66 million. On average, sell-side analysts anticipate that Kanzhun will post 0.42 earnings per share for the current year.

Institutional Trading of Kanzhun

A number of large investors have recently modified their holdings of BZ. PNC Financial Services Group Inc. raised 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 purchasing an additional 890 shares in the last quarter. abrdn plc increased its stake in shares of Kanzhun by 5.6% during the third quarter. abrdn plc now owns 48,536 shares of the company’s stock valued at $736,000 after acquiring an additional 2,567 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Kanzhun by 9.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 31,301 shares of the company’s stock worth $457,000 after purchasing an additional 2,629 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Kanzhun by 16.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company’s stock worth $398,000 after purchasing an additional 3,470 shares during the period. Finally, Prudential PLC boosted its stake in Kanzhun by 12.1% during the 3rd quarter. Prudential PLC now owns 36,027 shares of the company’s stock valued at $547,000 after purchasing an additional 3,876 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Kanzhun Company Profile

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.