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

Key Points

• Analyst sentiment is mostly neutral: Four of five analysts rate ZipRecruiter “Hold,” while one rates it “Strong Buy.” The average 12-month price target is $4.33.
• ZipRecruiter reported quarterly EPS of $0.06, beating the consensus estimate of a $0.11 loss; revenue was $124.44 million. Zacks upgraded the stock to “Strong Buy,” while Goldman Sachs and UBS raised their price targets to $5 and kept neutral ratings.
• Insiders sold 219,255 shares worth about $986,000 over the past 90 days; the disclosed executive sales were made under pre-arranged trading plans. Institutional investors and hedge funds own 70.55% of the shares.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) has earned an average recommendation of "Hold" from the five analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $4.33.

Several equities research analysts have recently commented on ZIP shares. The Goldman Sachs Group increased their price objective on ZipRecruiter from $3.50 to $5.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Zacks Research raised shares of ZipRecruiter from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Weiss Ratings downgraded shares of ZipRecruiter from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday. Wall Street Zen lowered shares of ZipRecruiter from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 7th. Finally, UBS Group lifted their price objective on shares of ZipRecruiter from $4.50 to $5.00 and gave the company a "neutral" rating in a research report on Tuesday.

Top ZipRecruiter Stories

Investors following ZIP have been watching these stories:

• 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.
• Neutral Sentiment: Analyst price-target increases and a higher fair-value estimate offer support, but UBS maintained a Neutral rating and its cited $5 target is below the recently quoted share price. Fair value estimate and target increase

Insider Activity at ZipRecruiter

In related news, EVP Amy Garefis sold 7,879 shares of the business's stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $4.56, for a total value of $35,928.24. Following the completion of the sale, the executive vice president directly owned 202,724 shares in the company, valued at $924,421.44. The trade was a 3.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ian Siegel sold 34,978 shares of the company's stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $3.67, for a total transaction of $128,369.26. Following the completion of the transaction, the chief executive officer owned 218,895 shares in the company, valued at $803,344.65. This trade represents a 13.78% 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. Insiders sold 219,255 shares of company stock valued at $986,161 in the last 90 days. Insiders own 19.85% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in ZipRecruiter by 3.4% in the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company's stock valued at $3,534,000 after buying an additional 62,900 shares in the last quarter. Varde Management L.P. increased its holdings in shares of ZipRecruiter by 6.9% during the second 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 in the last quarter. Militia Capital Management LLC acquired a new position in shares of ZipRecruiter during the first quarter worth $399,000. Readystate Asset Management LP bought a new position in shares of ZipRecruiter in the 1st quarter valued at $347,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of ZipRecruiter by 7.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 155,420 shares of the company's stock valued at $546,000 after acquiring an additional 11,112 shares during the last quarter. 70.55% of the stock is currently owned by institutional investors and hedge funds.

ZipRecruiter Stock Performance

Shares of ZIP stock opened at $5.65 on Friday. ZipRecruiter has a 52-week low of $1.65 and a 52-week high of $6.72. The stock has a market cap of $464.68 million, a PE ratio of 10.87 and a beta of 1.54. The firm's 50 day moving average price is $4.15 and its two-hundred day moving average price is $3.44.

ZipRecruiter (NYSE:ZIP - Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.17. The company had revenue of $124.44 million during the quarter. As a group, sell-side analysts predict that ZipRecruiter will post -0.01 earnings per share for the current fiscal year.

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.

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