ZipRecruiter (NYSE:ZIP) Stock Moved Up to “Strong-Buy” by Zacks Research

Zacks Research upgraded shares of ZipRecruiter (NYSE:ZIP) from a hold rating to a strong-buy rating in a research note released on Wednesday morning,Zacks reports.

Several other analysts have also commented on the stock. The Goldman Sachs Group lifted their price target on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Wall Street Zen lowered ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 7th. Weiss Ratings cut ZipRecruiter from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, UBS Group raised their target price on ZipRecruiter from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, ZipRecruiter presently has a consensus rating of “Hold” and an average target price of $4.33.

ZipRecruiter Trading Down 4.5%

ZipRecruiter stock opened at $5.65 on Wednesday. ZipRecruiter has a 12-month low of $1.65 and a 12-month high of $6.72. The stock has a market cap of $464.68 million, a P/E ratio of 10.87 and a beta of 1.54. The company has a 50-day moving average price of $4.15 and a 200 day moving average price of $3.44.

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

Insider Activity at ZipRecruiter

In other news, EVP Boris Shimanovsky sold 67,937 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $5.56, for a total value of $377,729.72. Following the sale, the executive vice president directly owned 341,038 shares of the company’s stock, valued at approximately $1,896,171.28. The trade was a 16.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ian Siegel sold 9,722 shares of the company’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 transaction, the chief executive officer owned 170,285 shares in the company, valued at approximately $611,323.15. This represents a 5.40% 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. Insiders have sold 219,255 shares of company stock valued at $986,161 in the last ninety days. Insiders own 19.85% of the company’s stock.

Institutional Trading of ZipRecruiter

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Militia Capital Management LLC purchased a new position in shares of ZipRecruiter during the first quarter worth $399,000. Readystate Asset Management LP acquired a new stake in shares of ZipRecruiter in the first quarter valued at $347,000. State of Wyoming raised its holdings in shares of ZipRecruiter by 458.9% in the 3rd 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 period. Sei Investments Co. purchased a new stake in shares of ZipRecruiter in the 1st quarter valued at $140,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of ZipRecruiter in the 2nd quarter valued at $241,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

Key Headlines Impacting ZipRecruiter

Investors following ZIP have been watching these headlines:

• 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
• Positive Sentiment: Reports said the shares reached a fresh 12-month high following strong earnings; UBS Group was also reported to expect further gains. Shares reach a 12-month high UBS analyst outlook
• 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

About ZipRecruiter

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.