ZipRecruiter (NYSE:ZIP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ZipRecruiter (NYSE:ZIP) from a hold rating to a buy rating in a research note released on Saturday.

A number of other equities research analysts also recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday. Finally, UBS Group upped their target price on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $4.38.

ZipRecruiter Trading Down 1.8%

Shares of NYSE:ZIP opened at $5.05 on Friday. ZipRecruiter has a 1-year low of $1.65 and a 1-year high of $5.61. The stock has a market capitalization of $426.27 million, a P/E ratio of 14.43 and a beta of 1.42. The business has a 50-day moving average price of $3.83 and a two-hundred day moving average price of $3.00.

Insider Buying and Selling

In related news, EVP Amy Garefis sold 9,113 shares of ZipRecruiter stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $3.62, for a total transaction of $32,989.06. Following the transaction, the executive vice president owned 222,910 shares of the company’s stock, valued at $806,934.20. This trade represents a 3.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ian H. Siegel sold 34,978 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $3.00, for a total transaction of $104,934.00. Following the transaction, the chief executive officer owned 108,423 shares of the company’s stock, valued at approximately $325,269. This represents a 24.39% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 134,829 shares of company stock valued at $470,715 in the last 90 days. 19.85% of the stock is owned by insiders.

Institutional Trading of ZipRecruiter

A number of large investors have recently made changes to their positions in ZIP. Dynamic Technology Lab Private Ltd boosted its holdings in shares of ZipRecruiter by 11.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 28,229 shares of the company’s stock valued at $119,000 after buying an additional 2,824 shares during the period. Jump Financial LLC raised its holdings in shares of ZipRecruiter by 46.3% during the second quarter. Jump Financial LLC now owns 15,403 shares of the company’s stock worth $77,000 after acquiring an additional 4,872 shares during the period. Legal & General Group Plc raised its position in ZipRecruiter by 7.5% in the 2nd quarter. Legal & General Group Plc now owns 70,861 shares of the company’s stock valued at $355,000 after buying an additional 4,922 shares during the last quarter. Creative Planning raised its position in ZipRecruiter by 20.5% in the 2nd quarter. Creative Planning now owns 29,838 shares of the company’s stock valued at $149,000 after buying an additional 5,069 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in ZipRecruiter by 15.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 44,786 shares of the company’s stock valued at $189,000 after acquiring an additional 6,109 shares in the last quarter. 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.