ZipRecruiter (NYSE:ZIP - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Wednesday, Zacks reports.
Several other brokerages have also commented on ZIP. Wall Street Zen lowered shares of ZipRecruiter from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 7th. Weiss Ratings cut shares of ZipRecruiter from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday. The Goldman Sachs Group lifted their target price 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. Finally, UBS Group boosted their price target on shares of ZipRecruiter from $4.50 to $5.00 and gave the company a "neutral" rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $4.33.
Check Out Our Latest Stock Report on ZipRecruiter
ZipRecruiter Stock Down 4.5%
ZIP opened at $5.65 on Wednesday. ZipRecruiter has a one year low of $1.65 and a one year high of $6.72. The business has a 50 day simple moving average of $4.15 and a two-hundred day simple moving average of $3.44.
ZipRecruiter (NYSE:ZIP - Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.17. The business had revenue of $124.44 million during the quarter. Research analysts anticipate that ZipRecruiter will post -0.01 EPS for the current year.
Insider Buying and Selling at ZipRecruiter
In related news, EVP Boris F. Shimanovsky sold 67,937 shares of the stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $5.56, for a total value of $377,729.72. Following the completion of the transaction, the executive vice president directly owned 341,038 shares in the company, valued at $1,896,171.28. This trade represents a 16.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President David Travers sold 24,705 shares of ZipRecruiter stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $3.66, for a total transaction of $90,420.30. Following the transaction, the president directly 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 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 quarter, insiders have sold 219,255 shares of company stock worth $986,161. Corporate insiders own 19.85% of the company's stock.
Institutional Investors Weigh In On ZipRecruiter
Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in shares of ZipRecruiter by 3.4% during the first 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 last quarter. Varde Management L.P. grew its stake 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 worth $1,393,000 after buying an additional 23,929 shares during the last quarter. Militia Capital Management LLC purchased a new stake in shares of ZipRecruiter in the 1st quarter worth approximately $399,000. Readystate Asset Management LP bought a new position in ZipRecruiter during the 1st quarter valued at approximately $347,000. Finally, Russell Investments Group Ltd. increased its position in ZipRecruiter by 7.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 155,420 shares of the company's stock valued at $546,000 after buying an additional 11,112 shares in the last quarter. Hedge funds and other institutional investors own 70.55% of the company's stock.
Key ZipRecruiter News
These are some of the ZIP news items that stood out recently:
- Positive Sentiment: Zacks upgraded ZipRecruiter to Rank #1 (Strong Buy), citing improving earnings prospects. The report also points to solid earnings-estimate revisions as a possible near-term catalyst. ZipRecruiter upgraded to Strong Buy
- 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
- 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
(
Get Free Report)
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.
Further Reading
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