ZipRecruiter (NYSE:ZIP) Cut to Buy at Wall Street Zen

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

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

ZipRecruiter Price Performance

Shares of NYSE ZIP opened at $3.38 on Friday. The company’s 50 day simple moving average is $4.20 and its 200 day simple moving average is $3.49. ZipRecruiter has a fifty-two week low of $1.65 and a fifty-two week high of $5.61. The firm has a market capitalization of $278.35 million, a P/E ratio of 9.67 and a beta of 1.44.

ZipRecruiter (NYSE:ZIP) last released its earnings results on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The business had revenue of $118.06 million for the quarter. Sell-side analysts expect that ZipRecruiter will post 0.16 EPS for the current fiscal year.

Insider Activity at ZipRecruiter

In related news, EVP Amy Garefis sold 7,837 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $3.80, for a total value of $29,780.60. Following the completion of the transaction, the executive vice president directly owned 210,603 shares of the company’s stock, valued at approximately $800,291.40. This represents a 3.59% 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, President David Travers sold 24,705 shares of the stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $3.66, for a total value of $90,420.30. Following the transaction, the president owned 1,252,219 shares of the company’s stock, valued at approximately $4,583,121.54. This trade represents a 1.93% 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 141,435 shares of company stock valued at $558,174. 19.85% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ZipRecruiter

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Militia Capital Management LLC acquired a new position in shares of ZipRecruiter in the first quarter valued at about $399,000. Readystate Asset Management LP bought a new position in ZipRecruiter during the first quarter worth about $347,000. Sei Investments Co. acquired a new stake in ZipRecruiter in the 1st quarter worth about $140,000. Public Employees Retirement System of Ohio bought a new stake in ZipRecruiter in the 2nd quarter valued at about $241,000. Finally, Renaissance Technologies LLC boosted its holdings in ZipRecruiter by 3.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock valued at $3,534,000 after purchasing an additional 62,900 shares during the period. Institutional investors and hedge funds own 70.55% of the company’s stock.

About ZipRecruiter

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.