Kanzhun (NASDAQ:BZ) Shares Up 3.9%

Kanzhun Limited (NASDAQ:BZ - Get Free Report)'s share price shot up 3.9% on Monday . The company traded as high as $19.89 and last traded at $19.86. 423,617 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 3,257,908 shares. The stock had previously closed at $19.12.

Wall Street Analyst Weigh In

A number of brokerages have commented on BZ. New Street Research upgraded shares of Kanzhun from a "neutral" rating to a "buy" rating and upped their target price for the stock from $17.00 to $25.00 in a research note on Wednesday, March 13th. JPMorgan Chase & Co. began coverage on shares of Kanzhun in a research note on Wednesday, December 13th. They issued an "overweight" rating and a $20.00 target price on the stock. Barclays upped their target price on shares of Kanzhun from $22.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 13th. Macquarie upgraded shares of Kanzhun from a "neutral" rating to an "outperform" rating in a research note on Tuesday, March 12th. Finally, TheStreet upgraded shares of Kanzhun from a "d+" rating to a "c-" rating in a research note on Wednesday, March 13th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Kanzhun has an average rating of "Moderate Buy" and an average target price of $20.38.

Kanzhun Stock Up 2.2 %

The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 59.24 and a beta of 0.59. The company's 50 day simple moving average is $16.66 and its two-hundred day simple moving average is $15.86.

Kanzhun (NASDAQ:BZ - Get Free Report) last announced its earnings results on Tuesday, March 12th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $222.57 million during the quarter, compared to the consensus estimate of $215.66 million. Kanzhun had a net margin of 18.28% and a return on equity of 8.44%. Analysts anticipate that Kanzhun Limited will post 0.42 EPS for the current year.

Institutional Investors Weigh In On Kanzhun

Institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new position in shares of Kanzhun in the first quarter worth $600,000. Quadrature Capital Ltd purchased a new position in shares of Kanzhun in the fourth quarter worth $348,000. Vanguard Group Inc. raised its holdings in shares of Kanzhun by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 12,672,081 shares of the company's stock worth $210,483,000 after buying an additional 56,649 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Kanzhun by 21.8% in the fourth quarter. Wellington Management Group LLP now owns 6,976,129 shares of the company's stock worth $115,874,000 after buying an additional 1,247,997 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in shares of Kanzhun by 1.6% in the fourth quarter. Royal London Asset Management Ltd. now owns 342,900 shares of the company's stock worth $5,696,000 after buying an additional 5,300 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

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.