ZipRecruiter (NYSE:ZIP) CEO Sells $29,263.22 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of ZipRecruiter stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $3.01, for a total value of $29,263.22. Following the completion of the transaction, the chief executive officer owned 98,701 shares in the company, valued at approximately $297,090.01. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Up 6.3%

Shares of ZIP stock traded up $0.19 on Tuesday, reaching $3.20. The company had a trading volume of 837,871 shares, compared to its average volume of 616,317. The business’s 50-day moving average is $3.20 and its 200 day moving average is $3.01. ZipRecruiter, Inc. has a one year low of $1.65 and a one year high of $5.61. The stock has a market capitalization of $270.11 million, a PE ratio of -11.43 and a beta of 1.49.

ZipRecruiter (NYSE:ZIP) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09. The company had revenue of $107.55 million for the quarter. On average, sell-side analysts forecast that ZipRecruiter, Inc. will post -0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZIP has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Monday, May 11th. UBS Group boosted their price objective on ZipRecruiter from $2.50 to $3.50 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings initiated coverage on ZipRecruiter in a research report on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. Finally, Barclays cut their price target on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $3.75.

Hedge Funds Weigh In On ZipRecruiter

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of ZipRecruiter during the third quarter valued at $42,000. Evoke Wealth LLC acquired a new stake in ZipRecruiter in the fourth quarter valued at $40,000. nVerses Capital LLC bought a new position in ZipRecruiter during the 4th quarter worth $41,000. Mercer Global Advisors Inc. ADV bought a new position in ZipRecruiter during the 3rd quarter worth $44,000. Finally, Kemnay Advisory Services Inc. acquired a new position in ZipRecruiter during the 4th quarter worth about $43,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects job seekers and employers. Its platform provides various solutions, such as job posting, online interviews, job alerts, match scores, and application updates. The company was incorporated in 2010 and is based in Santa Monica, California.