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

Key Points

• Wall Street Zen downgraded ZipRecruiter from “strong-buy” to “buy,” while the broader analyst consensus remains “hold” with an average price target of $4.17.
• ZipRecruiter reported quarterly EPS of $0.53, beating estimates by $0.59, on revenue of $118.06 million; analysts expect full-year EPS of $0.16.
• The stock opened at $3.50, with a market capitalization of approximately $288 million, while insiders have sold 138,457 shares worth about $547,781 over the past 90 days.

ZipRecruiter (NYSE:ZIP - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Sunday, Wall Street Zen reports.

A number of other analysts also recently issued reports on ZIP. UBS Group lifted their price objective on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. Weiss Ratings raised shares of ZipRecruiter from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 26th. Finally, 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 note on Thursday, August 6th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $4.17.

ZipRecruiter Price Performance

NYSE:ZIP opened at $3.50 on Friday. The stock has a market cap of $288.22 million, a P/E ratio of 10.01 and a beta of 1.44. ZipRecruiter has a one year low of $1.65 and a one year high of $5.61. The company has a fifty day moving average price of $4.22 and a 200 day moving average price of $3.47.

ZipRecruiter (NYSE:ZIP - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.59. The firm had revenue of $118.06 million during the quarter. As a group, equities research analysts anticipate that ZipRecruiter will post 0.16 EPS for the current year.

Insider Buying and Selling at ZipRecruiter

In other ZipRecruiter news, President David Travers sold 24,705 shares of the business's stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $3.66, for a total transaction of $90,420.30. Following the transaction, the president owned 1,252,219 shares of the company's stock, valued at $4,583,121.54. The trade was a 1.93% decrease in their position. The transaction 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, EVP Amy Garefis sold 7,983 shares of the company's stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $3.95, for a total value of $31,532.85. Following the sale, the executive vice president owned 214,927 shares in the company, valued at approximately $848,961.65. This represents a 3.58% 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. Insiders sold a total of 138,457 shares of company stock worth $547,781 over the last ninety days. 19.85% of the stock is currently owned by corporate insiders.

Institutional Trading of ZipRecruiter

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZIP. Renaissance Technologies LLC grew its position 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 valued at $3,534,000 after acquiring an additional 62,900 shares during the period. Varde Management L.P. raised its holdings in shares of ZipRecruiter by 6.9% in the 2nd quarter. Varde Management L.P. now owns 371,456 shares of the company's stock valued at $1,393,000 after purchasing an additional 23,929 shares during the period. Militia Capital Management LLC acquired a new stake in ZipRecruiter in the 1st quarter valued at about $399,000. Hsbc Holdings PLC lifted its stake in ZipRecruiter by 30.6% in the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company's stock valued at $808,000 after purchasing an additional 48,881 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new stake in ZipRecruiter in the 1st quarter valued at about $347,000. 70.55% of the stock is owned by institutional investors.

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.

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