ZipRecruiter (NYSE:ZIP) Raised to Strong-Buy at Wall Street Zen

ZipRecruiter (NYSE:ZIP) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday, Wall Street Zen reports.

Several other research analysts also recently issued reports on ZIP. UBS Group upped their price target on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 26th. Finally, The Goldman Sachs Group boosted their target price on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Four investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.17.

ZipRecruiter Stock Up 0.1%

Shares of ZipRecruiter stock opened at $4.66 on Friday. The stock has a market capitalization of $382.78 million, a price-to-earnings ratio of 13.30 and a beta of 1.55. The company has a 50-day simple moving average of $4.12 and a two-hundred day simple moving average of $3.74. ZipRecruiter has a twelve month low of $1.65 and a twelve month high of $5.61.

ZipRecruiter (NYSE:ZIP) last released its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.59. The company had revenue of $118.06 million for the quarter. On average, sell-side analysts anticipate that ZipRecruiter will post -0.26 earnings per share for the current fiscal year.

Insider Activity

In other news, President David Travers sold 24,705 shares of ZipRecruiter stock in a transaction on Friday, September 18th. The shares were sold at an average price of $3.66, for a total value of $90,420.30. Following the completion of the sale, the president owned 1,252,219 shares in the company, valued at $4,583,121.54. The trade was a 1.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ian Siegel sold 9,722 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $3.59, for a total transaction of $34,901.98. Following the transaction, the chief executive officer owned 170,285 shares in the company, valued at $611,323.15. The trade was a 5.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 137,784 shares of company stock worth $541,117 in the last quarter. 19.85% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ZipRecruiter

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citizens Financial Group Inc. RI increased its holdings in ZipRecruiter by 6.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 37,647 shares of the company’s stock worth $132,000 after acquiring an additional 2,264 shares during the period. Varde Management L.P. lifted its stake in ZipRecruiter by 6.9% in the 2nd quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock worth $1,393,000 after purchasing an additional 23,929 shares in the last quarter. AXQ Capital LP purchased a new stake in ZipRecruiter in the 2nd quarter worth approximately $38,000. Public Employees Retirement System of Ohio bought a new position in ZipRecruiter in the 2nd quarter valued at $241,000. Finally, Militia Capital Management LLC bought a new position in ZipRecruiter in the 1st quarter valued at $399,000. 70.55% of the stock is owned by institutional investors.

About ZipRecruiter

ZipRecruiter, Inc operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings across a broad network of online channels, while helping candidates search for available positions and apply for roles.

The company uses technology and matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are designed for businesses of various sizes, including small and midsize employers, as well as staffing firms and larger organizations.

ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Kinnear.