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

ZipRecruiter (NYSE:ZIP) had its price target hoisted by UBS Group from $4.50 to $5.00 in a research report report published on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other brokerages also recently commented on ZIP. Weiss Ratings upgraded ZipRecruiter from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 27th. The Goldman Sachs Group boosted their price objective on shares of ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of ZipRecruiter from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 7th. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.33.

ZipRecruiter Trading Down 4.5%

ZIP opened at $5.65 on Tuesday. The stock has a 50-day moving average of $4.15 and a 200-day moving average of $3.44. ZipRecruiter has a 52-week low of $1.65 and a 52-week high of $6.72.

ZipRecruiter (NYSE:ZIP) last issued its quarterly earnings data on Monday, November 9th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.17. The company had revenue of $124.44 million for the quarter. As a group, equities research analysts forecast that ZipRecruiter will post -0.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Boris Shimanovsky sold 67,937 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $5.56, for a total transaction of $377,729.72. Following the completion of the sale, the executive vice president owned 341,038 shares in the company, valued at $1,896,171.28. This represents a 16.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ian Siegel sold 34,978 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $3.67, for a total value of $128,369.26. Following the completion of the sale, the chief executive officer directly owned 218,895 shares in the company, valued at $803,344.65. This trade represents a 13.78% 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. Insiders sold a total of 219,255 shares of company stock worth $986,161 over the last quarter. 19.85% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ZipRecruiter

Several large investors have recently bought and sold shares of ZIP. Militia Capital Management LLC acquired a new stake in ZipRecruiter in the 1st quarter worth $399,000. Readystate Asset Management LP acquired a new position in shares of ZipRecruiter during the first quarter valued at about $347,000. State of Wyoming raised its position in shares of ZipRecruiter by 458.9% during the third quarter. State of Wyoming now owns 123,918 shares of the company’s stock valued at $435,000 after buying an additional 101,748 shares during the last quarter. Sei Investments Co. acquired a new position in shares of ZipRecruiter during the first quarter valued at about $140,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of ZipRecruiter in the second quarter valued at about $241,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting ZipRecruiter

Investors following ZIP have been watching these stories:

• Positive Sentiment: Zacks upgraded ZipRecruiter to Rank #1 (Strong Buy), citing improving earnings prospects. The report also points to solid earnings-estimate revisions as a possible near-term catalyst. ZipRecruiter upgraded to Strong Buy
• Positive Sentiment: ZipRecruiter’s third-quarter revenue rose 8.2%, while marketplace engagement metrics reached all-time highs—signs of stronger platform activity. Its latest reported EPS of $0.06 also topped the cited analyst consensus estimate of a loss of $0.11. Q3 revenue and engagement results
• Negative Sentiment: EVP Boris Shimanovsky sold 67,937 shares, reducing his direct holdings by 16.61%. The sale was executed through a pre-arranged Rule 10b5-1 plan, which may temper concerns that it reflects a new view of the company. SEC filing for insider sale

ZipRecruiter Company Profile

ZipRecruiter, Inc. operates an online employment marketplace that connects businesses with job seekers. Employers can create and manage job listings, while candidates can search and apply for openings through the company’s website and mobile applications. The platform uses technology to match job seekers with relevant opportunities and help employers identify potential candidates. Its services include tools for posting jobs, managing applications, and finding or inviting candidates to apply. Founded in 2010, ZipRecruiter is headquartered in Santa Monica, California, and primarily serves employers and job seekers in the United States, with operations also serving select international markets.