ZipRecruiter, Inc. (NYSE:ZIP) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of ZipRecruiter, Inc. (NYSE:ZIP) have been assigned a consensus recommendation of “Reduce” from the five analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $4.3750.

A number of research analysts have weighed in on the company. The Goldman Sachs Group raised their price target on ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group upped their price objective on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Weiss Ratings raised ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday. Finally, Wall Street Zen raised shares of ZipRecruiter from a “hold” rating to a “buy” rating in a research note on Saturday.

Insiders Place Their Bets

In other news, CFO David Travers sold 24,706 shares of ZipRecruiter stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $2.99, for a total value of $73,870.94. Following the completion of the transaction, the chief financial officer owned 1,245,763 shares of the company’s stock, valued at $3,724,831.37. This trade represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Amy Garefis sold 7,983 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $3.95, for a total transaction of $31,532.85. Following the transaction, the executive vice president owned 214,927 shares in the company, valued at $848,961.65. This represents a 3.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 134,829 shares of company stock valued at $470,715. 19.85% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ZipRecruiter

Several hedge funds have recently bought and sold shares of the company. Caerus Investment Advisors LLC bought a new stake in ZipRecruiter in the first quarter valued at approximately $25,000. Evoke Wealth LLC acquired a new stake in shares of ZipRecruiter in the fourth quarter valued at approximately $40,000. nVerses Capital LLC bought a new position in shares of ZipRecruiter during the 4th quarter worth approximately $41,000. Quarry LP bought a new position in shares of ZipRecruiter during the 3rd quarter worth approximately $42,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of ZipRecruiter during the 4th quarter worth approximately $43,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.

ZipRecruiter Price Performance

Shares of NYSE:ZIP opened at $5.11 on Friday. The company’s 50-day moving average price is $3.80 and its two-hundred day moving average price is $2.98. ZipRecruiter has a one year low of $1.65 and a one year high of $5.61. The stock has a market capitalization of $431.08 million, a PE ratio of 14.59 and a beta of 1.42.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.09. The company had revenue of $107.55 million during the quarter. On average, analysts anticipate that ZipRecruiter will post -0.08 earnings per share for the current fiscal year.

About ZipRecruiter

ZipRecruiter, Inc operates an online employment marketplace that connects job seekers and employers. Its platform provides various solutions, such as job posting, online interviews, job alerts, match scores, and application updates. The company was incorporated in 2010 and is based in Santa Monica, California.