ZipRecruiter (NYSE:ZIP) Stock Rating Lowered by Wall Street Zen

ZipRecruiter (NYSE:ZIP) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities research analysts have also commented on ZIP. UBS Group upped their price target on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group lifted their price objective on ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised ZipRecruiter from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 27th. Four equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, ZipRecruiter currently has a consensus rating of “Hold” and a consensus target price of $4.17.

ZipRecruiter Price Performance

NYSE:ZIP opened at $3.75 on Friday. The company’s fifty day moving average price is $4.04 and its 200-day moving average price is $3.38. ZipRecruiter has a 1-year low of $1.65 and a 1-year high of $5.61. The firm has a market capitalization of $307.95 million, a P/E ratio of 10.70 and a beta of 1.54.

Insiders Place Their Bets

In other ZipRecruiter news, EVP Amy Garefis sold 7,879 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 202,724 shares of the company’s stock, valued at approximately $924,421.44. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 the firm’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $3.66, for a total value of $90,420.30. Following the completion of the sale, the president directly owned 1,252,219 shares in the company, valued at approximately $4,583,121.54. The trade was a 1.93% 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. Over the last ninety days, insiders have sold 151,318 shares of company stock worth $608,431. Company insiders own 19.85% of the company’s stock.

Institutional Investors Weigh In On ZipRecruiter

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Militia Capital Management LLC acquired a new position in ZipRecruiter during the first quarter worth $399,000. Readystate Asset Management LP purchased a new position in ZipRecruiter during the first quarter valued at $347,000. Hsbc Holdings PLC lifted its holdings in ZipRecruiter by 30.6% during the fourth 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 in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of ZipRecruiter in the third quarter valued at about $39,000. Finally, State of Wyoming grew its position in shares of ZipRecruiter by 458.9% in the third quarter. State of Wyoming now owns 123,918 shares of the company’s stock valued at $435,000 after purchasing an additional 101,748 shares during the period. Hedge funds and other 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.