Examining the Potential Price Growth of ZipRecruiter Inc. (ZIP)


ZipRecruiter Inc.’s recently made public that its VP, Accounting & Controller Bartolome Lora unloaded Company’s shares for reported $15097.0 on Aug 15. In the deal valued at $16.59 per share,910 shares were sold. As a result of this transaction, Bartolome Lora now holds 10,164 shares worth roughly $ 0.15 million.

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Then, SHIMANOVSKY BORIS F. sold 8,793 shares, generating $160,281 in total proceeds. Upon selling the shares at $18.23, the EVP & Chief Technology Officer now owns 156,807 shares.

Before that, Garefis Amy sold 4,649 shares. ZipRecruiter Inc. shares valued at $84,747 were divested by the EVP Chief People Officer at a price of $18.23 per share. As a result of the transaction, Garefis Amy now holds 154,155 shares, worth roughly $2.33 million.

Evercore ISI downgraded its ZipRecruiter Inc. [ZIP] rating to an In-line from a an Outperform in a research note published on Tuesday, August 09, 2023; the price target was decreased to $18 from $20. PT values the company’s stock at a premium of 16.11 to its Tuesday closing price.

Price Performance Review of ZIP

On Tuesday, ZipRecruiter Inc. [NYSE:ZIP] saw its stock jump 0.67% to $15.10. On the same session, the stock had its day’s lowest price of $14.89, but rose to a high of $15.24. Over the last five days, the stock has lost -7.08%. ZipRecruiter Inc. shares have fallen nearly -8.04% since the year began. Nevertheless, the stocks have fallen -8.65% over the past one year. While a 52-week high of $24.05 was reached on 02/15/23, a 52-week low of $13.68 was recorded on 03/15/23. SMA at 50 days reached $17.28, while 200 days put it at $17.13. A total of 1.73 million shares were traded, compared to the trading of 2.27 million shares in the previous session.

Levels Of Support And Resistance For ZIP Stock

The 24-hour chart illustrates a support level at 14.91, which if violated will result in even more drops to 14.73. On the upside, there is a resistance level at 15.26. A further resistance level may holdings at 15.43. The Relative Strength Index (RSI) on the 14-day chart is 33.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.01%. Stochastics %K at 6.84% indicates the stock is a buying.

How much short interest is there in ZipRecruiter Inc.?

A steep rise in short interest was recorded in ZipRecruiter Inc. stocks on Aug 14, 2023, dropping by -0.19 million shares to a total of 5.23 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.42 million shares. There was a decline of -3.63%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.87% of the overall stock float, the days-to-cover ratio (short ratio) fell to 11.64.

ZipRecruiter Inc. [ZIP] – Who Are The Largest Shareholders?

In filings from Wasatch Advisors, Inc., it is revealed that the company now owns 9,008,717 shares, or roughly 12.10% of the outstanding ZIP shares. In other words, the investor’s shares have fallen by -301,673 from its previous 13-F filing of 9310390.0. Additionally, ArrowMark Colorado Holdings LLC increased 6.58% of its stake after which the total value it holdings stand at $144,026,429, while The Vanguard Group, Inc. added 17.18% of its stake to hold $118.08 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -9,673 shares of ZipRecruiter Inc., while Select Equity Group LP sold -1,214,271 shares. At present, William Blair Investment Manageme is holding 2,213,243 shares valued at $40.99 million. Edmond de Rothschild Asset Manage owned 2,111,900 shares of the company at the time of its most recent 13F filing, worth $39.11 million.

According to FactSet, ZipRecruiter Inc.’s share price will average $16.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.33 percent from its previous closing price of $15.00. Analysts expect ZipRecruiter Inc. stock to reach the higher price of $19.00, while the lowest price estimate is $14.00. However, 6 analysts have rated ZIP stock as an Overweight in their predictions for 2023.


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