Kanzhun: Long-Term Growth Remains Intact [Seeking Alpha]
KANZHUN LIMITED - American Depository Shares (BZ)
Company Research
Source: Seeking Alpha
Kanzhun remains a buy despite the recent sell-off; long-term growth potential is intact with strong fundamentals and user growth. 2Q24 earnings showed 29% y/y revenue growth and 27% y/y adjusted net profit growth; management's conservative 3Q24 guidance caused a share price drop. BZ's expansion into new verticals and international markets, along with strong user growth, underscore its robust growth potential. MoMo Productions/DigitalVision via Getty Images Investment overview I wrote about Kanzhun Limited ( NASDAQ: BZ ) previously (July) with a buy rating, as I expect the business to continue growing strongly by disrupting the industry and riding on its flywheel effect. Despite the sharp sell-off in share price, I believe the stock remains cheap as the long-term growth potential is not impaired. 2Q24 earnings Total revenue grew 29% y/y to RMB1.92 billion, with cash billings growing by 20% y/y to RMB 1.95 billion. Adj gross profit saw RMB1.6 billion (84.1% margin), an ex
Show less
Read more
Impact Snapshot
Event Time:
BZ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BZ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BZ alerts
High impacting KANZHUN LIMITED - American Depository Shares news events
Weekly update
A roundup of the hottest topics
BZ
News
- Kanzhun Limited (NASDAQ: BZ) had its price target lowered by analysts at Barclays PLC from $27.00 to $14.00. They now have an "overweight" rating on the stock.MarketBeat
- KANZHUN LIMITED Upsizes Total Share Repurchase Program to US$350 Million With a New ProgramGlobeNewswire
- KANZHUN LIMITED Announces Adoption of New Share Repurchase ProgramGlobeNewswire
- Kanzhun Limited (BZ) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- KANZHUN LIMITED Announces Second Quarter 2024 Financial ResultsGlobeNewswire
BZ
Earnings
- 8/28/24 - Beat
BZ
Sec Filings
- 9/27/24 - Form 6-K
- 9/26/24 - Form 6-K
- 9/16/24 - Form 6-K
- BZ's page on the SEC website