ZipRecruiter, Inc. (NYSE:ZIP) Receives Consensus Rating of “Reduce” from Analysts

ZipRecruiter, Inc. (NYSE:ZIP) has received a consensus rating of “Reduce” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $4.3750.

ZIP has been the topic of a number of research analyst reports. UBS Group raised their price target on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Wall Street Zen upgraded ZipRecruiter from a “hold” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group increased their target price on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Weiss Ratings upgraded shares of ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday.

ZipRecruiter Stock Up 9.1%

Shares of ZIP stock opened at $5.11 on Friday. ZipRecruiter has a 12-month low of $1.65 and a 12-month high of $5.61. The firm has a market capitalization of $431.08 million, a price-to-earnings ratio of 14.59 and a beta of 1.42. The firm has a fifty day moving average of $3.80 and a 200-day moving average of $2.98.

ZipRecruiter (NYSE:ZIP) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.09. The business had revenue of $107.55 million for the quarter. Research analysts expect that ZipRecruiter will post -0.08 earnings per share for the current year.

Insider Activity at ZipRecruiter

In related news, CEO Ian H. Siegel sold 9,722 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $4.55, for a total value of $44,235.10. Following the completion of the transaction, the chief executive officer directly owned 30,647 shares of the company’s stock, valued at approximately $139,443.85. This represents a 24.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Travers sold 24,706 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $2.99, for a total value of $73,870.94. Following the transaction, the chief financial officer owned 1,245,763 shares of the company’s stock, valued at approximately $3,724,831.37. This trade represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 134,829 shares of company stock valued at $470,715. 19.85% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Amundi bought a new stake in ZipRecruiter in the 1st quarter valued at approximately $70,000. AQR Capital Management LLC bought a new position in shares of ZipRecruiter during the 1st quarter worth approximately $133,000. Goldman Sachs Group Inc. grew its stake in shares of ZipRecruiter by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 374,650 shares of the company’s stock worth $2,207,000 after acquiring an additional 35,256 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of ZipRecruiter by 59.7% in the first quarter. Acadian Asset Management LLC now owns 92,053 shares of the company’s stock valued at $540,000 after purchasing an additional 34,424 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of ZipRecruiter by 20.5% in the second quarter. Creative Planning now owns 29,838 shares of the company’s stock valued at $149,000 after purchasing an additional 5,069 shares during the last quarter. 70.55% of the stock is currently owned by institutional investors.

About ZipRecruiter

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.