ZipRecruiter (NYSE:ZIP) Stock Rating Upgraded by Wall Street Zen

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

ZIP has been the subject of a number of other research reports. The Goldman Sachs Group upped their price objective on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Weiss Ratings raised ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. Finally, UBS Group boosted their price target on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $4.17.

ZipRecruiter Stock Performance

ZIP opened at $3.71 on Friday. The stock has a market cap of $305.40 million, a price-to-earnings ratio of 10.61 and a beta of 1.44. The firm’s fifty day moving average is $4.26 and its 200 day moving average is $3.44. ZipRecruiter has a fifty-two week low of $1.65 and a fifty-two week high of $5.61.

ZipRecruiter (NYSE:ZIP) last issued its quarterly earnings results 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 business had revenue of $118.06 million during the quarter. On average, equities research analysts predict that ZipRecruiter will post 0.16 earnings per share for the current year.

Insider Buying and Selling at ZipRecruiter

In other ZipRecruiter news, CEO Ian Siegel sold 9,722 shares of ZipRecruiter stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $3.90, for a total value of $37,915.80. Following the sale, the chief executive officer directly owned 59,813 shares in the company, valued at approximately $233,270.70. The trade was a 13.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 on Monday, July 20th. The stock was sold at an average price of $3.95, for a total transaction of $31,532.85. Following the completion of the sale, the executive vice president owned 214,927 shares in the company, valued at approximately $848,961.65. The trade was a 3.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 64,193 shares of company stock valued at $273,762 over the last ninety days. 19.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ZipRecruiter

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its holdings in ZipRecruiter by 3.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock valued at $3,534,000 after buying an additional 62,900 shares in the last quarter. UBS Group AG raised its holdings in shares of ZipRecruiter by 197.4% during the 4th quarter. UBS Group AG now owns 645,157 shares of the company’s stock worth $2,516,000 after acquiring an additional 428,232 shares in the last quarter. Varde Management L.P. raised its holdings in shares of ZipRecruiter by 6.9% during the 2nd quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock worth $1,393,000 after acquiring an additional 23,929 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of ZipRecruiter by 30.6% during the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock valued at $808,000 after acquiring an additional 48,881 shares during the last quarter. Finally, Militia Capital Management LLC bought a new position in shares of ZipRecruiter during the 1st quarter valued at approximately $399,000. 70.55% of the stock is owned by institutional investors.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects employers with job seekers. Its platform allows businesses of various sizes to create and distribute job postings, manage applicants and communicate with candidates, while helping job seekers search for employment opportunities and apply for positions.

The company uses technology and data-driven matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are delivered primarily through its website and mobile applications, with tools designed to streamline recruiting, applicant management and hiring workflows.

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