ZipRecruiter (NYSE:ZIP) Stock Dropped to Buy by Wall Street Zen

Wall Street Zen lowered shares of ZipRecruiter (NYSE:ZIP) from a strong-buy rating to a buy rating in a report released on Sunday morning,Wall Street Zen reports.

A number of other equities analysts have also issued reports on the stock. The Goldman Sachs Group upped their target price on shares of ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. UBS Group boosted their price objective on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 26th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.17.

ZipRecruiter Stock Performance

Shares of ZIP stock opened at $3.50 on Friday. ZipRecruiter has a 52 week low of $1.65 and a 52 week high of $5.61. The stock has a market capitalization of $288.22 million, a PE ratio of 10.01 and a beta of 1.44. The stock’s fifty day moving average is $4.22 and its 200-day moving average is $3.48.

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

Insider Activity at ZipRecruiter

In other ZipRecruiter news, EVP Amy Garefis sold 7,983 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $3.95, for a total value of $31,532.85. Following the completion of the sale, the executive vice president owned 214,927 shares of the company’s stock, valued at approximately $848,961.65. This represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President David Travers sold 24,705 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $3.66, for a total transaction of $90,420.30. Following the completion of the sale, the president directly owned 1,252,219 shares of the company’s stock, valued at $4,583,121.54. The trade was a 1.93% decrease in their position. 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. Over the last 90 days, insiders sold 138,457 shares of company stock worth $547,781. 19.85% of the stock is currently owned by company insiders.

Institutional Trading of ZipRecruiter

Several hedge funds have recently added to or reduced their stakes in ZIP. Varde Management L.P. grew its stake in ZipRecruiter by 6.9% in the second quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock valued at $1,393,000 after acquiring an additional 23,929 shares during the period. AXQ Capital LP acquired a new stake in shares of ZipRecruiter during the second quarter worth about $38,000. Public Employees Retirement System of Ohio bought a new position in shares of ZipRecruiter during the 2nd quarter valued at about $241,000. Militia Capital Management LLC bought a new position in shares of ZipRecruiter during the 1st quarter valued at about $399,000. Finally, Caerus Investment Advisors LLC acquired a new position in shares of ZipRecruiter in the 1st quarter valued at approximately $25,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

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.