Kanzhun (NASDAQ:BZ) Shares Down 4.6% – Should You Sell?

Kanzhun Limited (NASDAQ:BZ) fell 4.6% during trading on Monday . The company traded as low as $13.85 and last traded at $13.91. 520,514 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 4,193,361 shares. The stock had previously closed at $14.58.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Sanford C. Bernstein cut Kanzhun from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $19.00 to $15.00 in a report on Monday, December 9th. Citigroup reduced their price objective on Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Barclays raised their price target on shares of Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, CLSA initiated coverage on Kanzhun in a research report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price target on the stock. Four investment 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, Kanzhun presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Kanzhun Stock Down 4.9 %

The firm has a market capitalization of $5.26 billion, a PE ratio of 32.40 and a beta of 0.50. The company has a 50-day moving average of $14.58 and a 200 day moving average of $15.61.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share 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 10.48%. As a group, equities analysts anticipate that Kanzhun Limited will post 0.47 EPS for the current fiscal year.

Institutional Trading of Kanzhun

Hedge funds and other institutional investors have recently modified their holdings of the business. Atlas Capital Advisors LLC purchased a new stake in Kanzhun in the second quarter worth approximately $25,000. Summit Securities Group LLC bought a new position in shares of Kanzhun in the second quarter worth about $44,000. UMB Bank n.a. bought a new stake in shares of Kanzhun during the third quarter valued at approximately $42,000. Van ECK Associates Corp bought a new position in shares of Kanzhun during the 3rd quarter valued at about $61,000. Finally, Blue Trust Inc. lifted its holdings in shares of Kanzhun by 21.4% in the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock worth $134,000 after acquiring an additional 1,347 shares during the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

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.