Kanzhun (NASDAQ:BZ) Trading Up 4.4% – Still a Buy?

Shares of Kanzhun Limited (NASDAQ:BZ) traded up 4.4% during trading on Thursday . The stock traded as high as $17.99 and last traded at $17.90. 859,954 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 3,838,316 shares. The stock had previously closed at $17.14.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Sanford C. Bernstein downgraded shares of Kanzhun from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $19.00 to $15.00 in a report on Monday, December 9th. Barclays lifted their price objective on Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Citigroup cut their target price on Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Finally, CLSA initiated coverage on Kanzhun in a research note on Monday, November 18th. They issued an “outperform” rating and a $18.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Kanzhun Price Performance

The company has a market capitalization of $6.57 billion, a PE ratio of 38.46 and a beta of 0.49. The stock has a 50-day simple moving average of $14.83 and a 200 day simple moving average of $14.46.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Kanzhun had a net margin of 20.65% and a return on equity of 10.31%. As a group, research analysts predict that Kanzhun Limited will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Kanzhun

Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC lifted its stake in shares of Kanzhun by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock valued at $25,000 after buying an additional 1,427 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Kanzhun by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock worth $41,000 after purchasing an additional 1,542 shares during the period. Van ECK Associates Corp acquired a new stake in shares of Kanzhun during the third quarter worth $61,000. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Kanzhun during the fourth quarter worth $63,000. Finally, Townsquare Capital LLC purchased a new stake in shares of Kanzhun in the fourth quarter valued at $157,000. 60.67% of the stock is owned by institutional investors and hedge funds.

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.