ZipRecruiter (NYSE:ZIP) Cut to Buy at Wall Street Zen

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

Other equities research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of ZipRecruiter from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 27th. The Goldman Sachs Group increased their price target on shares of ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, UBS Group raised their price objective on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, ZipRecruiter has a consensus rating of “Hold” and a consensus price target of $4.17.

ZipRecruiter Stock Up 14.2%

Shares of NYSE ZIP opened at $4.29 on Friday. The stock’s 50-day simple moving average is $4.04 and its two-hundred day simple moving average is $3.39. ZipRecruiter has a twelve month low of $1.65 and a twelve month high of $5.61. The firm has a market capitalization of $353.18 million, a P/E ratio of 12.27 and a beta of 1.54.

ZipRecruiter (NYSE:ZIP) last issued its quarterly earnings results on Monday, November 9th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.17. The business had revenue of $124.44 million for the quarter. As a group, research analysts anticipate that ZipRecruiter will post -0.26 EPS for the current fiscal year.

Insider Transactions at ZipRecruiter

In related news, EVP Boris Shimanovsky sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $4.70, for a total transaction of $141,000.00. Following the transaction, the executive vice president directly owned 408,975 shares of the company’s stock, valued at approximately $1,922,182.50. This trade represents a 6.83% decrease in their position. The sale was disclosed in a 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 7,879 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $4.56, for a total value of $35,928.24. Following the completion of the sale, the executive vice president owned 202,724 shares of the company’s stock, valued at $924,421.44. The trade was a 3.74% 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 a total of 151,318 shares of company stock valued at $608,431 over the last 90 days. Company insiders own 19.85% of the company’s stock.

Institutional Investors Weigh In On ZipRecruiter

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in shares of ZipRecruiter by 3.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock valued at $3,534,000 after purchasing an additional 62,900 shares in the last quarter. Varde Management L.P. raised its position in ZipRecruiter by 6.9% in the 2nd quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock worth $1,393,000 after purchasing an additional 23,929 shares during the period. Militia Capital Management LLC purchased a new position in ZipRecruiter in the 1st quarter worth $399,000. Hsbc Holdings PLC lifted its stake in ZipRecruiter by 30.6% in the fourth quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock worth $808,000 after purchasing an additional 48,881 shares during the last quarter. Finally, Readystate Asset Management LP bought a new stake in ZipRecruiter in the first quarter worth $347,000. 70.55% of the stock is currently owned by institutional investors.

About ZipRecruiter

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.