ZipRecruiter (NYSE:ZIP) Price Target Raised to $5.00

ZipRecruiter (NYSE:ZIP) had its price objective lifted by investment analysts at The Goldman Sachs Group from $3.50 to $5.00 in a report issued on Thursday, MarketBeat reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 17.23% from the company’s previous close.

Several other research firms have also recently issued reports on ZIP. Weiss Ratings raised ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 20th. UBS Group lifted their target price on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $4.38.

ZipRecruiter Stock Performance

Shares of ZIP stock opened at $4.26 on Thursday. The company has a market capitalization of $360.01 million, a price-to-earnings ratio of -15.23 and a beta of 1.42. ZipRecruiter has a one year low of $1.65 and a one year high of $5.61. The company’s 50-day moving average is $3.74 and its 200 day moving average is $2.96.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.09. The firm had revenue of $107.55 million for the quarter. As a group, research analysts predict that ZipRecruiter will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ZipRecruiter news, EVP Amy Garefis sold 7,983 shares of the firm’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 transaction, the executive vice president directly owned 214,927 shares of the company’s stock, valued at approximately $848,961.65. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $3.90, for a total value of $37,915.80. Following the sale, the chief executive officer owned 59,813 shares of the company’s stock, valued at approximately $233,270.70. This represents a 13.98% 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. Insiders sold 115,385 shares of company stock valued at $383,509 over the last 90 days. Company insiders own 19.85% of the company’s stock.

Institutional Trading of ZipRecruiter

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Disciplined Growth Investors Inc. MN raised its position in ZipRecruiter by 178.0% in the second quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock worth $22,587,000 after acquiring an additional 2,886,725 shares during the period. Renaissance Technologies LLC grew its holdings in ZipRecruiter by 3.4% during the first 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 during the period. Millennium Management LLC raised its stake in shares of ZipRecruiter by 99.0% in the third quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock worth $6,316,000 after buying an additional 744,805 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of ZipRecruiter by 2.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,441,616 shares of the company’s stock valued at $5,622,000 after buying an additional 38,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in ZipRecruiter by 5.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 803,229 shares of the company’s stock worth $3,133,000 after acquiring an additional 38,351 shares in the last quarter. 70.55% of the stock is owned by hedge funds and other institutional investors.

ZipRecruiter Company Profile

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.