ZipRecruiter up as brokerage starts with 'overweight' rating

ZipRecruiter

01/07/2021 12:03

** Online jobs marketplace's shares  ZIP.N  up 1.08% at
$25.30 premarket
    ** Barclays starts coverage of company's shares with
"overweight" rating and PT of $30, implying an upside of 20% to
last close
    ** Brokerage says company is gaining share in the $13 bln
U.S online recruiting industry and is differentiated from online
peers by its AI-based matching
    ** ZipRecruiter has strong tech capabilities, driving better
employer outcomes, faster job fills and higher applicant
satisfaction - Barclays
    ** 5 of 6 brokerages rate the stock "buy" or higher, and 1
"hold"; median PT $30.50 - Refinitiv data
    ** Company's shares up 25% since debut last month

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6749 3677))