Why ZipRecruiter Stock Is Trading Higher Today

ZipRecruiter Inc ZIP is trading higher Monday morning after multiple analyst firms initiated coverage on the online employment marketplace company. 

• JP Morgan analyst Doug Anmuth initiated coverage on ZipRecruiter with a Neutral rating and announced a price target of $24.
• Raymond James analyst Aaron Kessler initiated coverage on ZipRecruiter with a Strong Buy rating and announced a price target of $36.
• William Blair analyst Ralph Schackart initiated coverage on ZipRecruiter with an Outperform rating.
• Evercore ISI Group analyst Mark Mahaney initiated coverage on ZipRecruiter with an Outperform rating.

Related Link: Benzinga's Top Ratings Upgrades, Downgrades For June 21, 2021

Price Action: ZipRecruiter has traded as high as $24.83 and as low as $19.32 since its IPO on May 26.

At last check Monday, the stock was up 6.75% at $22.69.

Photo courtesy of ZipRecruiter.