ZipRecruiter Inc (NYSE: ZIP) is -9.71% lower on its value in year-to-date trading and has touched a low of $10.27 and a high of $19.29 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZIP stock was last observed hovering at around $12.02 in the last trading session, with the day’s gains setting it 0.53%.
Currently trading at $12.55, the stock is -3.52% and -9.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing 4.41% at the moment leaves the stock -13.17% off its SMA200. ZIP registered -16.56% loss for a year compared to 6-month loss of -17.16%. The firm has a 50-day simple moving average (SMA 50) of $1.98 and a 200-day simple moving average (SMA200) of $11.46.
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The stock witnessed a -10.61% gain in the last 1 month and extending the period to 3 months gives it a -8.06%, and is -0.16% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.08% over the week and 3.70% over the month.
ZipRecruiter Inc (ZIP) has around 1000 employees, a market worth around $1.24B and $645.72M in sales. Current P/E ratio is 26.90 and Fwd P/E is 50.89. Profit margin for the company is 7.60%. Distance from 52-week low is 22.20% and -34.94% from its 52-week high. The company has generated returns on investments over the last 12 months (8.77%).
ZipRecruiter Inc quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $120.87M over the same period.The EPS is expected to shrink by -100.67% this year, but quarterly earnings will post -18.60% year-over-year. Quarterly sales are estimated to shrink -34.20% in year-over-year returns.
218 institutions hold shares in ZipRecruiter Inc (ZIP), with institutional investors hold 82.27% of the company’s shares. The shares outstanding are 76.17M, and float is at 68.89M with Short Float at 4.54%. Institutions hold 78.43% of the Float.
The top institutional shareholder in the company is Wasatch Advisors LP with over 9.01 million shares valued at $159.99 million. The investor’s holdings represent 12.26% of the ZIP Shares outstanding. As of Jun 29, 2023, the second largest holder is ArrowMark Colorado Holdings LLC with 7.78 million shares valued at $138.12 million to account for 10.58% of the shares outstanding. The other top investors are Institutional Venture Management XIV, LLC which holds 7.61 million shares representing 10.36% and valued at over $135.22 million, while Institutional Venture Management XV, LLC holds 10.33% of the shares totaling 7.59 million with a market value of $134.85 million.
ZipRecruiter Inc (ZIP) Insider Activity
The most recent transaction is an insider sale by YARBROUGH TIMOTHY G., the company’s EVP & CHIEF FINANCIAL OFFICER. SEC filings show that YARBROUGH TIMOTHY G. sold 5,510 shares of the company’s common stock on Feb 20 ’24 at a price of $14.23 per share for a total of $78406.0. Following the sale, the insider now owns 0.19 million shares.
ZipRecruiter Inc disclosed in a document filed with the SEC on Feb 15 ’24 that Garefis Amy (EVP CHIEF PEOPLE OFFICER) sold a total of 3,178 shares of the company’s common stock. The trade occurred on Feb 15 ’24 and was made at $14.63 per share for $46507.0. Following the transaction, the insider now directly holds 0.14 million shares of the ZIP stock.
Still, SEC filings show that on Feb 15 ’24, Bartolome Lora (VP, ACCOUNTING & CONTROLLER) disposed off 1,532 shares at an average price of $14.71 for $22532.0. The insider now directly holds 10,164 shares of ZipRecruiter Inc (ZIP).
