Boom Or Bust? Where Will ZipRecruiter Inc. (NYSE: ZIP) Stock Go Next? – Marketing Sentinel
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Boom Or Bust? Where Will ZipRecruiter Inc. (NYSE: ZIP) Stock Go Next?

During the last session, ZipRecruiter Inc. (NYSE:ZIP)’s traded shares were 1.6 million. At the end of the trading day, the stock’s price was $15.99, reflecting an intraday loss of -4.76% or -$0.8. The 52-week high for the ZIP share is $32.90, that puts it down -105.75 from that peak though still a striking 6.82% gain since the share price plummeted to a 52-week low of $14.90. The company’s market capitalization is $1.69B, and the average trade volume was 769.08K shares over the past three months.

ZipRecruiter Inc. (ZIP) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.80. ZIP has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.04.

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ZipRecruiter Inc. (NYSE:ZIP) trade information

ZipRecruiter Inc. (ZIP) registered a -4.76% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -4.76% in intraday trading to $15.99 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 4.17%, and it has moved by -11.85% in 30 days. Based on these gigs, the overall price performance for the year is -30.24%.

The consensus price target of analysts on Wall Street is $30.00, which implies an increase of 46.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $22.00 and $40.00 respectively. As a result, ZIP is trading at a discount of -150.16% off the target high and -37.59% off the low.

ZipRecruiter Inc. (ZIP) estimates and forecasts

Statistics show that ZipRecruiter Inc. has outperformed its competitors in share price, compared to the industry in which it operates. ZipRecruiter Inc. (ZIP) shares have gone down -30.21% during the last six months, with a year-to-date growth rate more than the industry average at 1,150.00% against 14.80. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 107.30% this quarter and then drop -82.40% in the quarter after that. In the rating firms’ projections, revenue will increase 23.40% compared to the previous financial year.

Revenue for the current quarter is expected to be $233.99 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $234.05 million by the end of Sep 2022.

While earnings are projected to return -97.20% in 2022.

ZIP Dividends

ZipRecruiter Inc. is due to release its next quarterly earnings on November 10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

ZipRecruiter Inc. (NYSE:ZIP)’s Major holders

ZipRecruiter Inc. insiders own 30.56% of total outstanding shares while institutional holders control 82.46%, with the float percentage being 118.75%. Institutional Venture Management XIV, LLC is the largest shareholder of the company, while 145 institutions own stock in it. As of Dec 30, 2021, the company held over 15.11 million shares (or 17.27% of all shares), a total value of $376.83 million in shares.

The next largest institutional holding, with 15.11 million shares, is of Institutional Venture Management XIV, LLC’s that is approximately 17.27% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $376.83 million.

Also, the Mutual Funds coming in first place with the largest holdings of ZipRecruiter Inc. (ZIP) shares are Wasatch Core Growth Fund and Wasatch Core Growth Fund. Data provided on Mar 30, 2022 indicates that Wasatch Core Growth Fund owns about 3.4 million shares. This amounts to just over 3.88 percent of the company’s overall shares, with a $78.03 million market value. The same data shows that the other fund manager holds slightly less at 3.26 million, or about 3.73% of the stock, which is worth about $81.33 million.

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