ZipRecruiter (NYSE:ZIP) Upgraded 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 note issued to investors on Saturday,Wall Street Zen reports.

A number of other research firms also recently commented on ZIP. Weiss Ratings raised shares of ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 26th. UBS Group increased 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, 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 note on Thursday, August 6th. Four investment 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 Stock Performance

ZIP opened at $3.86 on Friday. The company’s 50-day simple moving average is $4.26 and its two-hundred day simple moving average is $3.45. The stock has a market capitalization of $317.41 million, a P/E ratio of 11.03 and a beta of 1.44. ZipRecruiter has a 52-week low of $1.65 and a 52-week high of $5.61.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The company had revenue of $118.06 million during the quarter. Research analysts forecast that ZipRecruiter will post 0.16 EPS for the current fiscal year.

Insider Transactions at ZipRecruiter

In related news, EVP Amy Garefis sold 7,819 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $5.15, for a total transaction of $40,267.85. Following the completion of the transaction, the executive vice president directly owned 207,108 shares in the company, valued at approximately $1,066,606.20. The trade was a 3.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ian H. Siegel sold 9,722 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $4.55, for a total transaction of $44,235.10. Following the completion of the sale, the chief executive officer directly owned 30,647 shares of the company’s stock, valued at $139,443.85. This represents a 24.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 64,193 shares of company stock valued at $273,762. Company insiders own 19.85% of the company’s stock.

Hedge Funds Weigh In On ZipRecruiter

A number of hedge funds have recently modified their holdings of the company. AXQ Capital LP bought a new stake in shares of ZipRecruiter during the 2nd quarter valued at $38,000. Evoke Wealth LLC bought a new position in ZipRecruiter in the 4th quarter worth $40,000. Caerus Investment Advisors LLC bought a new position in ZipRecruiter in the 1st quarter worth $25,000. Alpine Global Management LLC purchased a new stake in ZipRecruiter in the 4th quarter worth $169,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in ZipRecruiter in the 2nd quarter worth $241,000. 70.55% of the stock is currently owned by institutional investors.

ZipRecruiter Company Profile

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.