ZipRecruiter (NYSE:ZIP) Price Target Raised to $5.00 at The Goldman Sachs Group

ZipRecruiter (NYSE:ZIP) had its price objective boosted by equities researchers at The Goldman Sachs Group from $3.50 to $5.00 in a research note issued on Thursday, Marketbeat reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 17.23% from the company’s previous close.

Other research analysts also recently issued reports about the company. UBS Group boosted their price objective on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 20th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $4.38.

ZipRecruiter Trading Down 5.0%

Shares of ZIP stock opened at $4.26 on Thursday. The business’s 50-day moving average price is $3.74 and its 200-day moving average price is $2.96. ZipRecruiter has a 12 month low of $1.65 and a 12 month high of $5.61. The firm has a market capitalization of $360.01 million, a price-to-earnings ratio of -15.23 and a beta of 1.42.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.09. The business had revenue of $107.55 million during the quarter. On average, sell-side analysts predict that ZipRecruiter will post -0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ZipRecruiter news, CFO David Travers sold 24,706 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $2.99, for a total value of $73,870.94. Following the sale, the chief financial officer owned 1,245,763 shares of the company’s stock, valued at $3,724,831.37. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Amy Garefis sold 9,113 shares of ZipRecruiter stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $3.62, for a total value of $32,989.06. Following the completion of the transaction, the executive vice president directly owned 222,910 shares in the company, valued at $806,934.20. This trade represents a 3.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 115,385 shares of company stock worth $383,509 in the last ninety days. 19.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ZipRecruiter

A number of institutional investors have recently bought and sold shares of ZIP. Disciplined Growth Investors Inc. MN lifted its position in ZipRecruiter by 178.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock valued at $22,587,000 after buying an additional 2,886,725 shares during the period. Renaissance Technologies LLC increased its stake in shares of ZipRecruiter by 3.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock worth $3,534,000 after acquiring an additional 62,900 shares in the last quarter. Millennium Management LLC increased its stake in shares of ZipRecruiter by 99.0% in the 3rd quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock worth $6,316,000 after acquiring an additional 744,805 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in ZipRecruiter by 2.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,441,616 shares of the company’s stock valued at $5,622,000 after acquiring an additional 38,918 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in ZipRecruiter by 5.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 803,229 shares of the company’s stock valued at $3,133,000 after acquiring an additional 38,351 shares during the period. 70.55% of the stock is owned by institutional investors.

About ZipRecruiter

ZipRecruiter, Inc operates an online employment marketplace that connects job seekers and employers. Its platform provides various solutions, such as job posting, online interviews, job alerts, match scores, and application updates. The company was incorporated in 2010 and is based in Santa Monica, California.