ZipRecruiter, Inc. (NYSE:ZIP) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of ZipRecruiter, Inc. (NYSE:ZIPGet Free Report) have been assigned an average recommendation of “Reduce” from the four research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $4.1667.

Several analysts have issued reports on the company. Weiss Ratings raised ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. UBS Group raised their price objective on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Wall Street Zen raised ZipRecruiter from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, The Goldman Sachs Group boosted 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.

View Our Latest Research Report on ZipRecruiter

Insiders Place Their Bets

In other ZipRecruiter news, CFO David Travers sold 24,706 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $2.99, for a total value of $73,870.94. Following the completion of the transaction, the chief financial officer directly owned 1,245,763 shares in the company, valued at $3,724,831.37. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $4.55, for a total transaction of $44,235.10. Following the completion of the sale, the chief executive officer directly owned 30,647 shares of the company’s stock, valued at approximately $139,443.85. This trade represents a 24.08% 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. In the last 90 days, insiders have sold 134,829 shares of company stock worth $470,715. Company insiders own 19.85% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Militia Capital Management LLC purchased a new stake in ZipRecruiter in the 1st quarter worth $399,000. UBS Group AG lifted its position in shares of ZipRecruiter by 197.4% in the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock valued at $2,516,000 after acquiring an additional 428,232 shares in the last quarter. Readystate Asset Management LP purchased a new position in shares of ZipRecruiter in the first quarter valued at about $347,000. Kemnay Advisory Services Inc. bought a new position in shares of ZipRecruiter in the fourth quarter worth about $43,000. Finally, Quarry LP bought a new position in shares of ZipRecruiter in the third quarter worth about $42,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

ZipRecruiter Price Performance

NYSE:ZIP opened at $4.67 on Friday. ZipRecruiter has a one year low of $1.65 and a one year high of $5.61. The business has a fifty day moving average price of $3.95 and a 200-day moving average price of $3.06. The firm has a market capitalization of $393.86 million, a price-to-earnings ratio of 13.33 and a beta of 1.42.

ZipRecruiter Company Profile

(Get Free Report)

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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