ZipRecruiter (NYSE:ZIP) Stock Rating Upgraded by Zacks Research

ZipRecruiter (NYSE:ZIP) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks reports.

ZIP has been the subject of several other reports. UBS Group lifted their price objective on ZipRecruiter from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Tuesday. Weiss Ratings cut ZipRecruiter from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. The Goldman Sachs Group raised their price target on ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen downgraded ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, ZipRecruiter has a consensus rating of “Hold” and an average price target of $4.33.

ZipRecruiter Trading Down 4.5%

Shares of ZipRecruiter stock opened at $5.65 on Wednesday. The company has a 50-day moving average of $4.15 and a two-hundred day moving average of $3.44. ZipRecruiter has a 12-month low of $1.65 and a 12-month high of $6.72. The stock has a market cap of $464.68 million, a PE ratio of 10.87 and a beta of 1.54.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings results on Monday, November 9th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.17. The firm had revenue of $124.44 million for the quarter. On average, sell-side analysts forecast that ZipRecruiter will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling at ZipRecruiter

In related news, President David Travers sold 24,705 shares of ZipRecruiter stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $3.66, for a total transaction of $90,420.30. Following the completion of the transaction, the president directly owned 1,252,219 shares in the company, valued at $4,583,121.54. The trade was a 1.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ian H. Siegel sold 9,722 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $3.59, for a total value of $34,901.98. Following the completion of the sale, the chief executive officer directly owned 170,285 shares in the company, valued at approximately $611,323.15. The trade was a 5.40% 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 219,255 shares of company stock valued at $986,161 over the last three months. Company insiders own 19.85% of the company’s stock.

Hedge Funds Weigh In On ZipRecruiter

Several hedge funds have recently bought and sold shares of the stock. Citizens Financial Group Inc. RI lifted its position in shares of ZipRecruiter by 6.4% in the third quarter. Citizens Financial Group Inc. RI now owns 37,647 shares of the company’s stock valued at $132,000 after acquiring an additional 2,264 shares in the last quarter. AXQ Capital LP purchased a new stake in ZipRecruiter during the 2nd quarter worth about $38,000. Ritholtz Wealth Management purchased a new stake in ZipRecruiter during the 3rd quarter worth about $39,000. Russell Investments Group Ltd. raised its stake in ZipRecruiter by 7.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 155,420 shares of the company’s stock valued at $546,000 after purchasing an additional 11,112 shares during the last quarter. Finally, Focus Advisor Solutions LLC acquired a new position in ZipRecruiter in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

More ZipRecruiter News

Investors following ZIP have been watching these news items:

• Positive Sentiment: The company’s latest reported quarter included EPS of $0.06, beating the cited consensus estimate of a $0.11 loss, bolstering the earnings-based case for the stock.
• Neutral Sentiment: Analyst price-target increases and a higher fair-value estimate offer support, but UBS maintained a Neutral rating and its cited $5 target is below the recently quoted share price. Fair value estimate and target increase
• Negative Sentiment: EVP Boris Shimanovsky sold 67,937 shares, reducing his direct holdings by 16.61%. The sale was made under a pre-arranged Rule 10b5-1 plan, which may lessen concern that it signals a fresh change in his outlook. Insider sale details

ZipRecruiter Company Profile

ZipRecruiter, Inc. operates an online employment marketplace that connects businesses with job seekers. Employers can create and manage job listings, while candidates can search and apply for openings through the company’s website and mobile applications. The platform uses technology to match job seekers with relevant opportunities and help employers identify potential candidates. Its services include tools for posting jobs, managing applications, and finding or inviting candidates to apply. Founded in 2010, ZipRecruiter is headquartered in Santa Monica, California, and primarily serves employers and job seekers in the United States, with operations also serving select international markets.