ArrowMark Colorado Holdings LLC has recently announced that it has increased stake in ZipRecruiter Inc. (NYSE:ZIP) by 6.58%. After grabbing 7.78 million shares, the institutional investor is now in possession of 0.48 million shares of the Industrials Company. The new investment brought the stake of investor firm to 10.44% having worth around $144.03 million. Moreover, The Vanguard Group, Inc. increased its share by 0.93 million to have a control over 6.38 million shares. And William Blair Investment Manageme raised its holdings to 0.14 million shares by acquiring 2.21 million shares or 2.97% of the stake.
ZipRecruiter Inc. (ZIP) concluded trading on 09/13/23 at a closing price of $15.15, with 2.88 million shares of worth about $43.66 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.73% during that period and on Wednesday the price saw a gain of about 1.41%. Currently the company’s common shares owned by public are about 100.21M shares, out of which, 70.08M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 134 times over the past 12 months. They bought 5,039,343 shares in 76 of the transactions. In 58 selling transactions, insiders dumped 15,693,710 shares.
Vanguard Explorer Fund, Wasatch Small Cap Growth Fund, and Wasatch Core Growth Fund are the top 3 mutual funds which are holding stakes in ZipRecruiter Inc. Vanguard Explorer Fund is currently holding 3.05 million shares of worth totaling $56.49 million. The company recently came buying 0.34 million shares which brought its stake up to 4.10% of the company’s outstanding shares. Wasatch Core Growth Fund, after buying 2.2 million shares, have now control over 2.95% of the stake in the company. It holds 0.0 shares of worth $40.72 million.
ZipRecruiter Inc. (NYSE: ZIP) started trading at $14.90, below -$0.04 from concluding price of the previous day. Stock saw a price change of 0.33% in past 5 days and over the past one month there was a price change of -9.44%. Year-to-date (YTD), ZIP shares are showing a performance of -7.73% which decreased to -24.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.68 but also hit the highest price of $24.05 during that period. The average intraday trading volume for ZipRecruiter Inc. shares is 614.88K. The stock is currently trading -4.13% below its 20-day simple moving average (SMA20), while that difference is down -11.12% for SMA50 and it goes to -11.34% lower than SMA200.
ArrowMark Colorado Holdings LLC acquired 7.78 million shares of ZipRecruiter Inc. having value of about $144.03 million. Data submitted at the U.S SEC by ArrowMark Colorado Holdings LLC revealed that the firm now holds 0.48 million shares in the company valued at close to $7276741.95, or have control over 6.58% stake in the company. ZipRecruiter Inc. (NYSE: ZIP) currently have 100.21M outstanding shares and institutions hold larger chunk of about 92.50% of that. Holding of mutual funds in the company is about 38.15% while other institutional holders and individual stake holders have control over 66.76% and 29.86% of the stake respectively.
The stock has a current market capitalization of $1.51B and its 3Y-monthly beta is at 1.04. PE ratio of stock for trailing 12 months is 28.97, while it has posted earnings per share of $0.52 in the same period. Its PEG reads 2.81 and has Quick Ratio of 5.40. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZIP, volatility over the week remained 2.52% while standing at 2.84% over the month.
Analysts are in expectations that ZipRecruiter Inc. (ZIP) stock would likely to be making an EPS of $0.11 in the current quarter, while forecast for next quarter EPS is $0.06 and it is $0.29 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.06 which is $0.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -31.40% while it is estimated to decrease by -15.61% in next year.
Analysts at 6 brokerage firms have issued recommendations for the ZipRecruiter Inc. (ZIP)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 6 Wall Street analysts, 2 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Evercore ISI on August 09, 2023 offering an In-line rating for the stock and assigned a target price range of between $20 and $18 to it.
