ZipRecruiter price target lowered to $15 from $16 at Barclays

Barclays lowered the firm’s price target on ZipRecruiter to $15 from $16 and keeps an Overweight rating on the shares. The company’s Q3 beat but it is still unclear fundamentals have troughed, the analyst tells investors in a research note. The firm says ZipRecruiter’s profitability is showing the resiliency of the business model, while product improvement sets the stage for a strong recovery.