Kanzhun (NASDAQ:BZ) PT Raised to $23.50 at UBS Group

Kanzhun (NASDAQ:BZ - Get Free Report) had its target price lifted by stock analysts at UBS Group from $22.00 to $23.50 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price suggests a potential upside of 5.10% from the stock's previous close.

BZ has been the topic of several other research reports. New Street Research upgraded Kanzhun from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $17.00 to $25.00 in a report on Wednesday, March 13th. Macquarie raised shares of Kanzhun from a "neutral" rating to an "outperform" rating in a research note on Tuesday, March 12th. TheStreet upgraded shares of Kanzhun from a "d+" rating to a "c-" rating in a report on Wednesday, March 13th. Barclays increased their target price on shares of Kanzhun from $22.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kanzhun from $23.00 to $24.50 and gave the stock an "overweight" rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $21.75.

Kanzhun Price Performance

Shares of BZ traded up $0.38 during mid-day trading on Wednesday, reaching $22.36. The stock had a trading volume of 3,920,695 shares, compared to its average volume of 3,659,061. Kanzhun has a 52-week low of $12.57 and a 52-week high of $22.74. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 67.76 and a beta of 0.50. The business's fifty day moving average is $19.51 and its 200 day moving average is $16.87.

Kanzhun (NASDAQ:BZ - Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $222.57 million during the quarter, compared to analyst estimates of $215.66 million. Kanzhun had a return on equity of 8.44% and a net margin of 18.28%. As a group, sell-side analysts anticipate that Kanzhun will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Kanzhun

Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in Kanzhun by 42.1% in the third quarter. Bank of New York Mellon Corp now owns 729,838 shares of the company's stock valued at $11,072,000 after purchasing an additional 216,149 shares during the period. M&T Bank Corp boosted its stake in shares of Kanzhun by 543.4% in the third quarter. M&T Bank Corp now owns 71,740 shares of the company's stock valued at $1,088,000 after buying an additional 60,590 shares in the last quarter. California Public Employees Retirement System grew its holdings in Kanzhun by 3.0% during the third quarter. California Public Employees Retirement System now owns 576,446 shares of the company's stock worth $8,745,000 after acquiring an additional 17,032 shares during the period. IvyRock Asset Management HK Ltd acquired a new stake in Kanzhun in the third quarter valued at $14,632,000. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Kanzhun by 12.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 807,707 shares of the company's stock worth $12,237,000 after purchasing an additional 90,600 shares in the last quarter. Hedge funds and other institutional investors 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.