ZipRecruiter (NYSE:ZIP) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of ZipRecruiter (NYSE:ZIP) from a hold rating to a buy rating in a report issued on Saturday.

Several other analysts have also commented on the stock. UBS Group lifted their price objective on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group increased their target price on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Weiss Ratings upgraded shares of ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ZipRecruiter has an average rating of “Reduce” and a consensus price target of $4.38.

ZipRecruiter Price Performance

Shares of NYSE:ZIP opened at $5.11 on Friday. The company has a market capitalization of $431.08 million, a PE ratio of 14.59 and a beta of 1.42. The business has a fifty day moving average price of $3.80 and a two-hundred day moving average price of $2.98. ZipRecruiter has a 1 year low of $1.65 and a 1 year high of $5.61.

ZipRecruiter (NYSE:ZIP) last released its earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09. The business had revenue of $107.55 million for the quarter. Sell-side analysts anticipate that ZipRecruiter will post 0.1 earnings per share for the current year.

Insider Transactions at ZipRecruiter

In related news, CEO Ian H. Siegel sold 34,978 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $3.00, for a total transaction of $104,934.00. Following the sale, the chief executive officer directly owned 108,423 shares in the company, valued at approximately $325,269. The trade was a 24.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Amy Garefis sold 9,113 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $3.62, for a total value of $32,989.06. Following the sale, the executive vice president directly owned 222,910 shares in the company, valued at $806,934.20. This trade represents a 3.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 134,829 shares of company stock valued at $470,715 over the last three months. Company insiders own 19.85% of the company’s stock.

Hedge Funds Weigh In On ZipRecruiter

Several hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd boosted its holdings in ZipRecruiter by 11.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 28,229 shares of the company’s stock valued at $119,000 after purchasing an additional 2,824 shares during the period. Jump Financial LLC grew its position in shares of ZipRecruiter by 46.3% during the 2nd quarter. Jump Financial LLC now owns 15,403 shares of the company’s stock valued at $77,000 after purchasing an additional 4,872 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of ZipRecruiter by 7.5% in the second quarter. Legal & General Group Plc now owns 70,861 shares of the company’s stock worth $355,000 after purchasing an additional 4,922 shares during the period. Creative Planning increased its holdings in shares of ZipRecruiter by 20.5% in the second quarter. Creative Planning now owns 29,838 shares of the company’s stock worth $149,000 after purchasing an additional 5,069 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of ZipRecruiter by 15.8% in the third quarter. BNP Paribas Financial Markets now owns 44,786 shares of the company’s stock worth $189,000 after buying an additional 6,109 shares in the last quarter. Hedge funds and other institutional investors own 70.55% of the company’s stock.

ZipRecruiter Company Profile

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.