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

Wall Street Zen upgraded shares of ZipRecruiter (NYSE:ZIP) from a buy rating to a strong-buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

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

ZipRecruiter Trading Down 2.8%

ZIP stock opened at $3.71 on Friday. The firm has a 50 day moving average of $4.26 and a 200-day moving average of $3.42. ZipRecruiter has a 12 month low of $1.65 and a 12 month high of $5.61. The firm has a market capitalization of $305.40 million, a P/E ratio of 10.61 and a beta of 1.44.

ZipRecruiter (NYSE:ZIP) last posted its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.59. The firm had revenue of $118.06 million during the quarter. Sell-side analysts predict that ZipRecruiter will post 0.16 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Ian H. Siegel sold 9,722 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $3.90, for a total value of $37,915.80. Following the completion of the transaction, the chief executive officer directly owned 59,813 shares in the company, valued at approximately $233,270.70. This represents a 13.98% decrease in their position. 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. Also, EVP Amy Garefis sold 7,983 shares of the company’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $3.95, for a total value of $31,532.85. Following the completion of the transaction, the executive vice president 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 73,915 shares of company stock worth $303,025. 19.85% of the stock is owned by insiders.

Institutional Trading of ZipRecruiter

A number of hedge funds have recently bought and sold shares of the company. Varde Management L.P. boosted its stake in shares of ZipRecruiter by 6.9% in the 2nd quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock valued at $1,393,000 after purchasing an additional 23,929 shares in the last quarter. AXQ Capital LP purchased a new position in ZipRecruiter in the 2nd quarter worth $38,000. Public Employees Retirement System of Ohio purchased a new position in ZipRecruiter in the 2nd quarter worth $241,000. Militia Capital Management LLC purchased a new position in ZipRecruiter in the 1st quarter worth $399,000. Finally, Caerus Investment Advisors LLC bought a new stake in ZipRecruiter in the first quarter worth $25,000. Institutional investors own 70.55% of the company’s stock.

About ZipRecruiter

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.