ZipRecruiter (NYSE:ZIP – Get Free Report) announced its earnings results on Monday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports. The company had revenue of $124.44 million during the quarter.
ZipRecruiter Stock Performance
ZipRecruiter stock traded up $0.54 during trading hours on Monday, reaching $4.29. 1,067,010 shares of the company’s stock traded hands, compared to its average volume of 968,758. ZipRecruiter has a fifty-two week low of $1.65 and a fifty-two week high of $5.61. The firm has a market capitalization of $353.16 million, a price-to-earnings ratio of 12.27 and a beta of 1.54. The firm’s 50 day moving average is $4.04 and its 200-day moving average is $3.38.
Analysts Set New Price Targets
ZIP has been the subject of a number of research reports. The Goldman Sachs Group raised their price target on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Weiss Ratings raised ZipRecruiter from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 27th. UBS Group increased 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. Finally, Wall Street Zen cut ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Four investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.17.
Read Our Latest Report on ZipRecruiter
Insider Buying and Selling at ZipRecruiter
In other news, EVP Amy Garefis sold 7,879 shares of ZipRecruiter stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $4.56, for a total transaction of $35,928.24. Following the completion of the sale, the executive vice president owned 202,724 shares in the company, valued at $924,421.44. The trade was a 3.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Boris Shimanovsky sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $4.70, for a total transaction of $141,000.00. Following the sale, the executive vice president directly owned 408,975 shares of the company’s stock, valued at approximately $1,922,182.50. This trade represents a 6.83% 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. Insiders sold a total of 151,318 shares of company stock worth $608,431 over the last quarter. Company insiders own 19.85% of the company’s stock.
Institutional Trading of ZipRecruiter
Several institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in ZipRecruiter by 3.4% during the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock worth $3,534,000 after buying an additional 62,900 shares during the last quarter. Varde Management L.P. increased its stake in shares of ZipRecruiter by 6.9% in the 2nd quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock valued at $1,393,000 after acquiring an additional 23,929 shares during the last quarter. Militia Capital Management LLC bought a new stake in shares of ZipRecruiter in the 1st quarter valued at about $399,000. Hsbc Holdings PLC increased 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 acquiring an additional 48,881 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new stake in shares of ZipRecruiter in the 1st quarter valued at approximately $347,000. Institutional investors own 70.55% of the company’s stock.
About ZipRecruiter
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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