ZipRecruiter (NYSE:ZIP) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Wall Street Zen upgraded ZipRecruiter from “hold” to “buy,” but the broader analyst consensus remains “Reduce,” with four hold ratings and one sell rating and an average price target of $4.38.
• ZipRecruiter shares rose 9.1% to open at $5.11, near their 52-week high of $5.61. The company’s latest quarterly loss of $0.06 per share beat the consensus estimate of a $0.15 loss, while revenue totaled $107.55 million.
• Insiders sold 134,829 shares worth approximately $470,715 during the last quarter, while institutional investors own 70.55% of the company.

ZipRecruiter (NYSE:ZIP - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

ZIP has been the topic of a number of other reports. UBS Group lifted their price target on ZipRecruiter from $4.00 to $4.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 22nd. 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 research note on Thursday. Finally, Weiss Ratings raised ZipRecruiter from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Thursday. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, ZipRecruiter currently has a consensus rating of "Reduce" and a consensus target price of $4.38.

ZipRecruiter Stock Up 9.1%

ZIP opened at $5.11 on Friday. The company has a market cap of $431.08 million, a price-to-earnings ratio of 14.59 and a beta of 1.42. ZipRecruiter has a 52-week low of $1.65 and a 52-week high of $5.61. The firm's fifty day simple moving average is $3.80 and its two-hundred day simple moving average is $2.98.

ZipRecruiter (NYSE:ZIP - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.09. The firm had revenue of $107.55 million during the quarter. On average, research analysts forecast that ZipRecruiter will post -0.08 EPS for the current year.

Insider Activity at ZipRecruiter

In other news, EVP Amy Garefis sold 7,983 shares of the business'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 transaction of $31,532.85. Following the transaction, the executive vice president directly owned 214,927 shares in the company, valued at $848,961.65. The trade was a 3.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ian H. Siegel sold 9,722 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $4.55, for a total value of $44,235.10. Following the completion of the sale, the chief executive officer owned 30,647 shares of the company's stock, valued at $139,443.85. This trade represents a 24.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 134,829 shares of company stock valued at $470,715. Corporate insiders own 19.85% of the company's stock.

Hedge Funds Weigh In On ZipRecruiter

Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its stake in ZipRecruiter by 197.4% during the fourth quarter. UBS Group AG now owns 645,157 shares of the company's stock worth $2,516,000 after acquiring an additional 428,232 shares during the last quarter. Militia Capital Management LLC purchased a new stake in ZipRecruiter in the first quarter valued at $399,000. Readystate Asset Management LP acquired a new position in shares of ZipRecruiter in the 1st quarter valued at $347,000. Hsbc Holdings PLC lifted its stake in shares of 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, Alpine Global Management LLC acquired a new position in shares of ZipRecruiter in the 4th quarter valued at $169,000. Hedge funds and other institutional investors own 70.55% of the company's stock.

About ZipRecruiter

ZipRecruiter, Inc operates an online employment marketplace that connects job seekers and employers. Its platform provides various solutions, such as job posting, online interviews, job alerts, match scores, and application updates. The company was incorporated in 2010 and is based in Santa Monica, California.

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