Kanzhun (NASDAQ:BZ) Trading Down 4.7% – Should You Sell?

Kanzhun Limited (NASDAQ:BZ)’s stock price traded down 4.7% on Tuesday . The stock traded as low as $15.77 and last traded at $15.72. Approximately 1,861,268 shares traded hands during trading, a decline of 43% from the average session volume of 3,254,118 shares. The stock had previously closed at $16.49.

Wall Street Analysts Forecast Growth

BZ has been the subject of a number of research reports. CLSA assumed coverage on shares of Kanzhun in a report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price objective for the company. Sanford C. Bernstein downgraded shares of Kanzhun from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $19.00 to $15.00 in a research note on Monday, December 9th. Barclays boosted their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Citigroup lowered their target price on Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Kanzhun has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Kanzhun Trading Up 1.6 %

The firm has a 50-day moving average of $14.44 and a 200 day moving average of $14.32. The company has a market cap of $5.96 billion, a P/E ratio of 34.76 and a beta of 0.49.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. On average, equities analysts predict that Kanzhun Limited will post 0.46 EPS for the current year.

Institutional Trading of Kanzhun

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