ZipRecruiter (NYSE:ZIP) Price Target Raised to $5.00

ZipRecruiter (NYSE:ZIP – Get Free Report) had its price objective hoisted by investment analysts at UBS Group from $4.50 to $5.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group‘s price objective suggests a potential downside of 23.11% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Weiss Ratings upgraded ZipRecruiter from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 27th. Wall Street Zen lowered ZipRecruiter from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, The Goldman Sachs Group increased their target price 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. Four equities research analysts have rated the stock with a Hold rating. According to MarketBeat, ZipRecruiter currently has an average rating of “Hold” and a consensus price target of $4.33.

View Our Latest Report on ZipRecruiter

ZipRecruiter Stock Performance

Shares of ZipRecruiter stock traded up $2.21 on Tuesday, hitting $6.50. The company had a trading volume of 5,665,072 shares, compared to its average volume of 988,791. The stock has a 50 day moving average of $4.04 and a 200-day moving average of $3.39. The stock has a market capitalization of $534.74 million, a price-to-earnings ratio of 18.58 and a beta of 1.54. ZipRecruiter has a 1 year low of $1.65 and a 1 year high of $6.53.

ZipRecruiter (NYSE:ZIP – Get Free Report) last released its quarterly earnings results on Monday, November 9th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.17. The firm had revenue of $124.44 million for the quarter. Equities analysts anticipate that ZipRecruiter will post -0.26 earnings per share for the current year.

Insider Activity at ZipRecruiter

In other ZipRecruiter news, CEO Ian H. Siegel sold 34,978 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $3.67, for a total transaction of $128,369.26. Following the sale, the chief executive officer owned 218,895 shares in the company, valued at $803,344.65. This trade represents a 13.78% decrease in their ownership of the stock. The transaction 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, EVP Boris F. 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 value of $141,000.00. Following the completion of the sale, the executive vice president owned 408,975 shares of the company’s stock, valued at $1,922,182.50. The trade was a 6.83% 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 sold 151,318 shares of company stock worth $608,431 in the last 90 days. 19.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ZipRecruiter

Institutional investors and hedge funds have recently made changes to their positions in the business. Citizens Financial Group Inc. RI boosted its position in shares of ZipRecruiter by 6.4% during the third quarter. Citizens Financial Group Inc. RI now owns 37,647 shares of the company’s stock worth $132,000 after acquiring an additional 2,264 shares during the last quarter. AXQ Capital LP bought a new stake in shares of ZipRecruiter in the 2nd quarter valued at about $38,000. Ritholtz Wealth Management purchased a new stake in shares of ZipRecruiter during the 3rd quarter worth $39,000. Russell Investments Group Ltd. boosted its holdings in shares of ZipRecruiter by 7.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 155,420 shares of the company’s stock valued at $546,000 after buying an additional 11,112 shares in the last quarter. Finally, Caerus Investment Advisors LLC acquired a new stake in shares of ZipRecruiter in the 1st quarter worth $25,000. Institutional investors own 70.55% of the company’s stock.

Key Stories Impacting ZipRecruiter

Here are the key news stories impacting ZipRecruiter this week:

  • Positive Sentiment: Q3 revenue rose 8% year over year to $124.4 million, while earnings were about $0.05–$0.06 per share versus analysts’ expected loss of $0.11. Zacks Q3 results
  • Positive Sentiment: Fourth-quarter revenue guidance of $118 million–$122 million is above the roughly $115.8 million consensus, signaling management expects revenue to hold up better than analysts had anticipated. Q3 earnings call transcript
  • Positive Sentiment: Quarterly paid employers grew 10% year over year to 74,000. The Q3 analysis also cited an 89.8% gross margin, a 1,310-basis-point improvement in GAAP operating margin, debt reduction and $22 million of year-to-date free cash flow; Seeking Alpha upgraded its rating to Buy. Turnaround analysis and rating upgrade
  • Neutral Sentiment: The analysis attributed monetization declines to timing, making it a point to monitor despite growth in paid employers and the stronger overall results. Long-term investor takeaways

ZipRecruiter Company Profile

(Get Free Report)

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.

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