KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analyst consensus is “Hold”: Three of five analysts rate KANZHUN shares a hold, while two recommend buying. The average 12-month price target is $19.33, with recent targets ranging from $19 to $20.
• Insider selling has been significant: Executives and directors sold shares recently, including 200,000 shares sold by the chief marketing officer and 60,704 shares sold by a director. Insiders have sold 16.57 million shares worth approximately $121.6 million over the past three months.
• The company reported solid quarterly results: KANZHUN posted quarterly EPS of $0.33 on revenue of $353.05 million, with a 53.16% net margin. Shares recently traded at $14.82, below the average analyst price target and well below the 52-week high of $24.65.

Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) have received an average rating of "Hold" from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $19.3333.

Several research firms recently weighed in on BZ. Weiss Ratings raised KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Bank of America assumed coverage on shares of KANZHUN in a report on Tuesday, August 18th. They issued a "neutral" rating and a $19.00 target price for the company. Barclays raised their price target on shares of KANZHUN from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $19.00 price objective on shares of KANZHUN in a research report on Wednesday, August 26th.

Insider Transactions at KANZHUN

In related news, Director Yang Mu sold 60,704 shares of KANZHUN stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $7.46, for a total transaction of $452,851.84. Following the sale, the director directly owned 143,356 shares in the company, valued at $1,069,435.76. This trade represents a 29.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Xu Chen sold 200,000 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $8.15, for a total transaction of $1,630,000.00. Following the transaction, the chief marketing officer directly owned 153,340 shares of the company's stock, valued at $1,249,721. The trade was a 56.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 16,574,304 shares of company stock worth $121,583,960.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC raised its position in shares of KANZHUN by 93.1% during the fourth quarter. Larson Financial Group LLC now owns 1,690 shares of the company's stock worth $34,000 after acquiring an additional 815 shares during the last quarter. Leonteq Securities AG bought a new stake in KANZHUN in the fourth quarter valued at approximately $41,000. Parallel Advisors LLC boosted its holdings in KANZHUN by 5,732.4% in the first quarter. Parallel Advisors LLC now owns 2,158 shares of the company's stock valued at $29,000 after acquiring an additional 2,121 shares during the last quarter. Evergreen Quality Fund GP Ltd. acquired a new stake in KANZHUN during the 4th quarter valued at approximately $59,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in KANZHUN during the 4th quarter valued at approximately $67,000. 60.67% of the stock is owned by institutional investors and hedge funds.

KANZHUN Stock Performance

Shares of NASDAQ BZ opened at $14.82 on Wednesday. The stock's fifty day moving average is $16.08 and its 200 day moving average is $14.59. The stock has a market capitalization of $6.09 billion, a P/E ratio of 10.44, a PEG ratio of 1.54 and a beta of 0.48. KANZHUN has a 52 week low of $12.57 and a 52 week high of $24.65.

KANZHUN (NASDAQ:BZ - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $353.05 million for the quarter. KANZHUN had a net margin of 53.16% and a return on equity of 15.03%. Equities research analysts forecast that KANZHUN will post 1 earnings per share for the current year.

KANZHUN Announces Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th will be issued a $0.51 dividend. This represents a yield of 313.0%. The ex-dividend date of this dividend is Monday, September 28th. KANZHUN's dividend payout ratio is presently 10.56%.

About KANZHUN

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform in China that connects job seekers with employers. The platform is designed to facilitate direct communication between candidates and hiring managers, helping users discover employment opportunities and allowing companies to identify and engage with potential hires.

BOSS Zhipin provides recruitment services through mobile applications and online platforms. Its offerings include job search and application tools for individuals, employer accounts for posting vacancies and sourcing candidates, and technology-supported matching and communication features intended to streamline the hiring process across a range of industries and job categories.

KANZHUN was founded in 2014 and is headquartered in Beijing, China.

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