ZipRecruiter (NYSE:ZIP) Stock Price Crosses Above 50 Day Moving Average Following Insider Selling

Key Points

• ZipRecruiter shares climbed above their 50-day moving average, trading as high as $4.31 versus the average of $4.04 and last changing hands at $4.295.
• The company reported quarterly earnings of $0.06 per share, beating the consensus estimate of a $0.11 loss; revenue was $124.44 million.
• Analysts have an overall Hold rating and an average price target of $4.17, below the stock’s reported last price.

Shares of ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) crossed above its 50 day moving average during trading on Monday following insider buying activity. The stock has a 50 day moving average of $4.04 and traded as high as $4.31. ZipRecruiter shares last traded at $4.2950, with a volume of 1,089,040 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ZIP shares. UBS Group lifted their price objective on ZipRecruiter from $4.00 to $4.50 and gave the company a "neutral" rating in a research report on Wednesday, July 22nd. Weiss Ratings raised ZipRecruiter from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, October 27th. The Goldman Sachs Group raised their price target on ZipRecruiter from $3.50 to $5.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered ZipRecruiter from a "strong-buy" rating to a "buy" rating in a report on Saturday. Four equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $4.17.

ZipRecruiter Stock Up 14.2%

The company has a market capitalization of $353.18 million, a P/E ratio of 12.27 and a beta of 1.54. The company's 50-day simple moving average is $4.04 and its 200 day simple moving average is $3.39.

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, topping the consensus estimate of ($0.11) by $0.17. The business had revenue of $124.44 million for the quarter. As a group, equities research analysts forecast that ZipRecruiter, Inc. will post -0.26 earnings per share for the current year.

Institutional Trading of ZipRecruiter

Several large investors have recently made changes to their positions in ZIP. Citizens Financial Group Inc. RI raised its stake in shares of ZipRecruiter by 6.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 37,647 shares of the company's stock valued at $132,000 after acquiring an additional 2,264 shares in the last quarter. AXQ Capital LP acquired a new stake in ZipRecruiter in the 2nd quarter worth approximately $38,000. Ritholtz Wealth Management bought a new stake in ZipRecruiter during the third quarter worth approximately $39,000. Russell Investments Group Ltd. boosted its position in ZipRecruiter by 7.7% during the third quarter. Russell Investments Group Ltd. now owns 155,420 shares of the company's stock worth $546,000 after purchasing an additional 11,112 shares during the period. Finally, Caerus Investment Advisors LLC bought a new stake in ZipRecruiter during the first quarter worth approximately $25,000. Institutional investors own 70.55% of the company's stock.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings across a broad network of online channels, while helping candidates search for available positions and apply for roles.

The company uses technology and matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are designed for businesses of various sizes, including small and midsize employers, as well as staffing firms and larger organizations.

ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Kinnear.

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