The stock of ZipRecruiter Inc. (NYSE:ZIP) increased by $0.6 on Friday to finish at $16.48, up 3.78 percent. The last five days have seen an average of 773,480 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $0.06. The average number of shares traded over the last 20 days was 456,660, while the average volume over the last 50 days totaled 506,568.
ZIP stock dropped -13.26% since last month. On 08/09/23, the company’s shares reached a one-month low of $13.85. The stock touched a high of $24.05 on 02/15/23, after rallying from a low of $13.68 in 52 weeks. The price of ZIP stock has risen by 0.37% or $0.06 this year, reaching a new high 22 times. Still, the stock price is down -31.48% from the 52-week high.
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Insider Transactions
ZIP stock investors should be aware that ZipRecruiter Inc. (ZIP) stock had its last reported insider trading activity 25 days ago on Jul 20. On Jul 20, EVP & Chief Technology Officer SHIMANOVSKY BORIS F. sold 8,793 shares at $18.23 each. This transaction resulted in the insider making $160,281. On Jul 20, Garefis Amy sold 4,649 shares at a price of US$18.23. After the transaction, the insider now owns 154,155 shares. EVP, Chief Legal Officer SAKAMOTO RYAN T. had earlier sold 2,144 shares on Jul 20 for $18.25 a share. The transaction was completed for $39,120.
Valuation Metrics
ZipRecruiter Inc. (ZIP) has a trailing price-to-earnings (P/E) ratio of 31.51. Beta for the stock is 1.04. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.02, and the price-to-cash flow ratio of 15.82.
Financial Health
For the three months ended June 29, ZipRecruiter Inc.’s quick ratio was 5.40, while its current ratio was 5.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 90.00% percent. ZipRecruiter Inc.’s EBITDA margin for the year ended June 29 was 12.42%, whereas its operating margin stood at 11.50% for the same period. Based on annual data, it had gross profit of $818.35 million and revenue of $904.65 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ZIP’s return on assets (ROA) during the last 12 months has been 8.40%. There was a 14.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 179.60%.
Earnings Surprise
According to ZipRecruiter Inc.’s quarterly financial report for the quarter that ended June 29, it had $542.06 million in total debt versus $258.57 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $169.75 million, while revenues fell by -41.35% to $183.75 million. It was predicted that ZipRecruiter Inc.’s quarterly earnings would be $0.14, but it ended up being $0.08, beating the consensus by 75.00%. EBITDA was $25.63 million for the quarter. At the end of ZipRecruiter Inc.’s most recent quarter ended June 29, its liabilities totaled 660.06 million, while its total debt was $558.14 million. Equity owned by shareholders amounts to $99.92 million.
Technical Picture
Here’s a quick look at ZipRecruiter Inc.’s (ZIP) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 39.20%, suggesting the stock is Neutral, with a 67.02% historical volatility rate.
The stochastic %K and %D were 44.05% and 34.95% respectively, while the average true range (ATR) was 0.92. Based on the 14-day stochastic reading of 54.23%, the RSI (14) reading is 41.39%. On the 9-day MACD Oscillator, the stock is at -1.20, and the 14-day reading is at -1.54.
Analyst Ratings
ZipRecruiter Inc. (NYSE: ZIP) was downgraded by Evercore ISI to a an In-line rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned ZipRecruiter Inc. (ZIP) an Overweight rating. ZIP is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is ZIP’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $19.00, with a median target price of $17.00. In analyzing these forecasts, the average price target given by analysts for ZipRecruiter Inc. (ZIP) is $16.75.
