ZipRecruiter (NYSE:ZIP) Price Target Raised to $5.00

ZipRecruiter (NYSE:ZIP) had its target price boosted by The Goldman Sachs Group from $3.50 to $5.00 in a research report sent to investors on Thursday, Marketbeat reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on the company. Weiss Ratings upgraded ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 20th. UBS Group upped their target price on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $4.38.

ZipRecruiter Price Performance

Shares of ZIP stock opened at $5.11 on Thursday. The business has a fifty day moving average of $3.80 and a 200 day moving average of $2.98. ZipRecruiter has a 1 year low of $1.65 and a 1 year high of $5.61. The firm has a market capitalization of $431.08 million, a price-to-earnings ratio of 14.59 and a beta of 1.42.

ZipRecruiter (NYSE:ZIP) last posted its quarterly earnings results 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 firm had revenue of $107.55 million for the quarter. As a group, equities research analysts expect that ZipRecruiter will post 0.1 earnings per share for the current year.

Insider Activity at ZipRecruiter

In other ZipRecruiter news, EVP Amy Garefis sold 9,113 shares of the company’s stock in a transaction on Monday, June 15th. The shares were 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 of the company’s stock, valued at approximately $806,934.20. This represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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. Also, CEO Ian H. Siegel sold 34,978 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $3.00, for a total value of $104,934.00. Following the sale, the chief executive officer directly owned 108,423 shares in the company, valued at $325,269. This represents a 24.39% decrease in their ownership of the stock. 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 134,829 shares of company stock worth $470,715 over the last three months. Company insiders own 19.85% of the company’s stock.

Institutional Trading of ZipRecruiter

A number of hedge funds have recently modified their holdings of ZIP. Quarry LP purchased a new position in ZipRecruiter during the third quarter valued at approximately $42,000. Evoke Wealth LLC purchased a new stake in ZipRecruiter in the 4th quarter worth approximately $40,000. nVerses Capital LLC purchased a new stake in ZipRecruiter in the 4th quarter worth approximately $41,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of ZipRecruiter during the 3rd quarter worth approximately $44,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of ZipRecruiter during the 4th quarter worth approximately $43,000. 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.