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 report released on Saturday morning,Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the company. UBS Group increased their price objective on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 26th. Finally, The Goldman Sachs Group upped their price target 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. Four investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $4.17.

ZipRecruiter Stock Performance

Shares of NYSE ZIP opened at $4.50 on Friday. The business has a 50-day moving average of $4.13 and a 200-day moving average of $3.33. ZipRecruiter has a fifty-two week low of $1.65 and a fifty-two week high of $5.61.

ZipRecruiter (NYSE:ZIP) last released its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.59. The company had revenue of $118.06 million for the quarter. Research analysts anticipate that ZipRecruiter will post -0.26 EPS for the current fiscal year.

Insider Transactions at ZipRecruiter

In other news, CEO Ian H. Siegel sold 9,722 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $3.59, for a total transaction of $34,901.98. Following the completion of the sale, the chief executive officer owned 170,285 shares in the company, valued at $611,323.15. The trade was a 5.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 137,784 shares of company stock worth $541,117. 19.85% of the stock is owned by insiders.

Hedge Funds Weigh In On ZipRecruiter

A number of large investors have recently made changes to their positions in ZIP. Renaissance Technologies LLC grew its stake in ZipRecruiter by 3.4% during the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock worth $3,534,000 after buying an additional 62,900 shares in the last quarter. Varde Management L.P. raised its position in shares of ZipRecruiter by 6.9% in the 2nd quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock valued at $1,393,000 after buying an additional 23,929 shares in the last quarter. Militia Capital Management LLC bought a new stake in shares of ZipRecruiter during the 1st quarter worth approximately $399,000. Hsbc Holdings PLC lifted its holdings in shares of ZipRecruiter by 30.6% during the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock worth $808,000 after acquiring an additional 48,881 shares during the period. Finally, Readystate Asset Management LP bought a new stake in shares of ZipRecruiter during the 1st quarter worth approximately $347,000. Institutional investors own 70.55% of the company’s stock.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings across a broad network of online channels, while helping candidates search for available positions and apply for roles.

The company uses technology and matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are designed for businesses of various sizes, including small and midsize employers, as well as staffing firms and larger organizations.

ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Kinnear.