ZipRecruiter, Inc. (NYSE:ZIP) Stock Has Consensus Price Target of $4.33 According to Analysts

Shares of ZipRecruiter, Inc. (NYSE:ZIP) have been assigned a consensus rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $4.33.

A number of research analysts recently issued reports on the stock. Weiss Ratings downgraded shares of ZipRecruiter from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. UBS Group raised their price target on shares of ZipRecruiter from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Tuesday. Zacks Research raised shares of ZipRecruiter from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Wall Street Zen downgraded shares of ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 7th. Finally, The Goldman Sachs Group upped their price objective on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a report on Thursday, August 6th.

ZipRecruiter Stock Performance

Shares of NYSE:ZIP opened at $5.65 on Friday. ZipRecruiter has a 52 week low of $1.65 and a 52 week high of $6.72. The firm has a market cap of $464.68 million, a PE ratio of 10.87 and a beta of 1.54. The firm’s fifty day moving average is $4.15 and its 200-day moving average is $3.44.

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

ZipRecruiter News Summary

Here’s some of the latest news about ZIP:

• Positive Sentiment: Zacks upgraded ZIP to Rank #1 (Strong Buy), citing improving earnings prospects. Separate Zacks coverage pointed to favorable earnings-estimate revisions as a potential near-term catalyst. Zacks upgrade
• Positive Sentiment: The company’s latest reported quarter included EPS of $0.06, beating the cited consensus estimate of a $0.11 loss, bolstering the earnings-based case for the stock.
• Negative Sentiment: EVP Boris Shimanovsky sold 67,937 shares, reducing his direct holdings by 16.61%. The sale was made under a pre-arranged Rule 10b5-1 plan, which may lessen concern that it signals a fresh change in his outlook. Insider sale details

Insider Buying and Selling at ZipRecruiter

In other ZipRecruiter news, EVP Amy Garefis sold 7,879 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $4.56, for a total transaction of $35,928.24. Following the completion of the sale, the executive vice president directly owned 202,724 shares of the company’s stock, valued at approximately $924,421.44. The trade was a 3.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 stock in a transaction on Monday, October 5th. The shares were sold at an average price of $3.59, for a total value of $34,901.98. Following the completion of the sale, the chief executive officer directly owned 170,285 shares of the company’s stock, valued at $611,323.15. The trade was 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. In the last ninety days, insiders sold 219,255 shares of company stock valued at $986,161. Insiders own 19.85% of the company’s stock.

Institutional Trading of ZipRecruiter

Several hedge funds have recently made changes to their positions in ZIP. Militia Capital Management LLC purchased a new stake in shares of ZipRecruiter during the first quarter worth $399,000. Readystate Asset Management LP purchased a new stake in shares of ZipRecruiter in the first quarter worth $347,000. Caerus Investment Advisors LLC purchased a new stake in shares of ZipRecruiter in the first quarter worth $25,000. Sei Investments Co. bought a new stake in ZipRecruiter during the first quarter valued at $140,000. Finally, AXQ Capital LP bought a new stake in ZipRecruiter during the second quarter valued at $38,000. 70.55% of the stock is currently owned by institutional investors.

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.