ZipRecruiter (NYSE:ZIP) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen cut shares of ZipRecruiter (NYSE:ZIP) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

A number of other analysts have also weighed in on ZIP. UBS Group raised their target price on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group upped their price target on shares of ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded ZipRecruiter from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 27th. Four equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.17.

ZipRecruiter Trading Up 0.7%

ZIP opened at $3.75 on Friday. The company’s 50 day moving average is $4.04 and its 200-day moving average is $3.38. ZipRecruiter has a 1-year low of $1.65 and a 1-year high of $5.61. The company has a market cap of $307.95 million, a P/E ratio of 10.70 and a beta of 1.54.

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

Insider Activity

In other ZipRecruiter news, President David Travers sold 24,705 shares of ZipRecruiter stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $3.66, for a total value of $90,420.30. Following the completion of the sale, the president directly owned 1,252,219 shares in the company, valued at approximately $4,583,121.54. The trade was a 1.93% decrease in their ownership of the stock. The sale 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 7,879 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $4.56, for a total value of $35,928.24. Following the transaction, the executive vice president directly owned 202,724 shares in the company, valued at approximately $924,421.44. This trade represents a 3.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 151,318 shares of company stock worth $608,431. 19.85% of the stock is owned by insiders.

Hedge Funds Weigh In On ZipRecruiter

A number of large investors have recently modified their holdings of the company. Militia Capital Management LLC purchased a new stake in shares of ZipRecruiter during the 1st quarter valued at $399,000. Readystate Asset Management LP purchased a new position in shares of ZipRecruiter in the 1st quarter worth about $347,000. State of Wyoming boosted its holdings in shares of ZipRecruiter by 458.9% in the 3rd quarter. State of Wyoming now owns 123,918 shares of the company’s stock worth $435,000 after buying an additional 101,748 shares during the last quarter. Sei Investments Co. purchased a new position in shares of ZipRecruiter in the 1st quarter worth about $140,000. Finally, Public Employees Retirement System of Ohio bought a new position in ZipRecruiter during the second quarter valued at about $241,000. 70.55% of the stock is currently owned by institutional investors.

ZipRecruiter Company Profile

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.