Wall Street Zen Upgrades ZipRecruiter (NYSE:ZIP) to Buy

ZipRecruiter (NYSE:ZIP) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also recently issued reports on ZIP. UBS Group increased their price objective on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday. Finally, The Goldman Sachs Group upped their target price on shares of ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Thursday. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $4.38.

ZipRecruiter Trading Down 0.6%

Shares of NYSE:ZIP opened at $5.11 on Friday. The stock has a 50 day moving average of $3.80 and a 200 day moving average of $2.99. The company has a market cap of $431.08 million, a PE ratio of 14.59 and a beta of 1.42. ZipRecruiter has a 12-month low of $1.65 and a 12-month high of $5.61.

ZipRecruiter (NYSE:ZIP) last released its earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.09. The firm had revenue of $107.55 million during the quarter. Equities research analysts predict that ZipRecruiter will post 0.1 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Ian H. Siegel sold 9,722 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $4.55, for a total transaction of $44,235.10. Following the completion of the transaction, the chief executive officer directly owned 30,647 shares of the company’s stock, valued at approximately $139,443.85. This trade represents a 24.08% decrease in their ownership of the stock. The transaction 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 firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $3.95, for a total transaction of $31,532.85. Following the transaction, the executive vice president directly owned 214,927 shares of the company’s stock, valued at $848,961.65. The trade was a 3.58% 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 have sold a total of 134,829 shares of company stock worth $470,715 over the last quarter. Insiders own 19.85% of the company’s stock.

Institutional Trading of ZipRecruiter

Several hedge funds have recently bought and sold shares of ZIP. Quarry LP purchased a new position in shares of ZipRecruiter during the third quarter valued at about $42,000. Evoke Wealth LLC bought a new stake in shares of ZipRecruiter in the fourth quarter worth about $40,000. nVerses Capital LLC purchased a new stake in shares of ZipRecruiter in the fourth quarter worth about $41,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of ZipRecruiter in the third quarter worth about $44,000. Finally, Kemnay Advisory Services Inc. bought a new position in ZipRecruiter during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

About ZipRecruiter

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.