Wells Fargo Gives ZipRecruiter Overweight Rating in Initiating Coverage

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ZIPRECRUITER ($NYSE:ZIP): Wells Fargo has recently given ZipRecruiter an “Overweight” rating in its initiation of coverage. ZipRecruiter is an American technology company providing employment marketplace and recruitment services. ZipRecruiter has made significant strides in its business expansion over the past few years, and has seen a steady rise in its stock price. The recent Overweight rating from Wells Fargo is a testament to the company’s strength and growth potential, and is likely to further boost investor confidence in the company. ZipRecruiter’s stock has already been trading at an all-time high, and the Overweight rating from Wells Fargo is likely to keep the trend going.

Wells Fargo’s initiation of coverage of ZipRecruiter is a sign of the company’s growing success and recognition. With its strong presence in the recruitment industry, ZipRecruiter is set to benefit from continued growth in the coming years. The Overweight rating from Wells Fargo is expected to strengthen investor confidence even further.

Share Price

On Tuesday, Wells Fargo initiated coverage of ZipRecruiter with an overweight rating, sending the stock price for the online recruitment platform lower. The stock opened at $12.7 and closed at $12.6, down 1.2% from its previous closing price of 12.8. Despite the slight drop, investors are optimistic about ZipRecruiter’s future performance in the online recruitment industry. The overweight rating from Wells Fargo indicates that the company could potentially outperform its peers in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ziprecruiter. ZipRecruiter_Overweight_Rating_in_Initiating_Coverage”>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ziprecruiter. ZipRecruiter_Overweight_Rating_in_Initiating_Coverage”>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ziprecruiter. ZipRecruiter_Overweight_Rating_in_Initiating_Coverage”>More…

Key Ratios Snapshot

Some of the financial key ratios for Ziprecruiter are shown below. ZipRecruiter_Overweight_Rating_in_Initiating_Coverage”>More…

Analysis

At GoodWhale, we conducted an analysis of ZIPRECRUITER‘s wellbeing. We classified the company as a ‘rhino’ based on its Star Chart, which we determined is a type of company that has achieved moderate revenue or earnings growth. This is the kind of company that may be of interest to investors looking for lower risk investments with modest returns. We found that ZIPRECRUITER is strong in terms of profitability, and medium in terms of asset, growth, and dividend. In terms of overall health, ZIPRECRUITER scored an 8/10 considering its cash flows and debt, indicating it is capable of sustaining future operations in times of crisis. More…

Peers

Its competitors include CrowdWorks Inc, Bengo4.com Inc, and Seek Ltd.

– CrowdWorks Inc ($TSE:3900)

CrowdWorks Inc is a Japanese crowdsourcing company headquartered in Tokyo. It was founded in 2009, and its platforms enable businesses to outsource tasks to a global network of online workers. The company has a market cap of 26.75B as of 2022 and a return on equity of 14.96%.

– Bengo4.com Inc ($TSE:6027)

Bengo4.com Inc is a leading e-commerce company that operates in more than 100 countries. The company has a market capitalization of $65.12 billion as of 2022 and a return on equity of 27.14%. Bengo4.com Inc is a publicly traded company listed on the Nasdaq Stock Market.

– Seek Ltd ($ASX:SEK)

Seek is an online employment marketplace. The company connects people with opportunities, helping them to find jobs, grow their careers and businesses, and improve their lives. Seek has a market cap of 7.38B as of 2022, a Return on Equity of 13.28%. The company helps people to find jobs, grow their careers and businesses, and improve their lives.

Summary

Wells Fargo recently released an analyst report on ZipRecruiter, a leading online job recruitment platform, giving it an ‘overweight’ rating. The company believes that ZipRecruiter has solid fundamentals, as well as a strong competitive landscape in which to thrive. Specifically, they cite the company’s ‘robust’ revenue growth, the long-term advantages of its platform and its customer acquisition capabilities.

In addition, they believe that ZipRecruiter’s ability to provide personalized job recommendations is a key point of differentiation in the market. Furthermore, they expect the company to benefit from improving labor market conditions and increased demand from small and medium businesses.