ZipRecruiter (NYSE:ZIP) Stock Bumped Up to “Strong-Buy” by 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 sent to investors on Saturday,Wall Street Zen reports.

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

ZipRecruiter Stock Down 0.3%

Shares of NYSE:ZIP opened at $4.66 on Friday. The stock has a market cap of $382.76 million, a PE ratio of 13.30 and a beta of 1.55. ZipRecruiter has a 12-month low of $1.65 and a 12-month high of $5.61. The business has a 50 day moving average of $4.12 and a 200-day moving average of $3.73.

ZipRecruiter (NYSE:ZIP) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.59. The firm had revenue of $118.06 million for the quarter. Equities research analysts expect that ZipRecruiter will post -0.26 earnings per share for the current year.

Insider Buying and Selling at ZipRecruiter

In other news, President David Travers sold 24,705 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $3.66, for a total transaction of $90,420.30. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ian Siegel sold 34,978 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $3.67, for a total value of $128,369.26. Following the completion of the transaction, the chief executive officer directly owned 218,895 shares of the company’s stock, valued at $803,344.65. This represents a 13.78% 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. Over the last three months, insiders sold 137,784 shares of company stock worth $541,117. 19.85% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ZipRecruiter

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Citizens Financial Group Inc. RI raised its position in shares of ZipRecruiter by 6.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 37,647 shares of the company’s stock worth $132,000 after acquiring an additional 2,264 shares in the last quarter. Varde Management L.P. boosted its position 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 valued at $1,393,000 after purchasing an additional 23,929 shares in the last quarter. AXQ Capital LP bought a new stake in shares of ZipRecruiter during the 2nd quarter valued at about $38,000. Public Employees Retirement System of Ohio acquired a new position in ZipRecruiter in the second quarter valued at approximately $241,000. Finally, Militia Capital Management LLC bought a new position in shares of ZipRecruiter during the 1st quarter worth approximately $399,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

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.