ZipRecruiter (NYSE:ZIP) CEO Sells $128,369.26 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 34,978 shares of the business’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $3.67, for a total transaction of $128,369.26. Following the completion of the sale, the chief executive officer owned 218,895 shares in the company, valued at $803,344.65. This represents a 13.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Down 3.5%

ZIP stock opened at $3.46 on Friday. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $5.61. The firm has a market capitalization of $284.10 million, a P/E ratio of 9.87 and a beta of 1.44. The company has a fifty day simple moving average of $4.23 and a two-hundred day simple moving average of $3.47.

ZipRecruiter (NYSE:ZIP) last announced its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.59. The business had revenue of $118.06 million for the quarter. As a group, analysts anticipate that ZipRecruiter, Inc. will post 0.16 EPS for the current year.

Institutional Trading of ZipRecruiter

A number of hedge funds have recently added to or reduced their stakes in the business. Varde Management L.P. boosted its position in ZipRecruiter by 6.9% during the 2nd quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock valued at $1,393,000 after acquiring an additional 23,929 shares in the last quarter. AXQ Capital LP bought a new position in shares of ZipRecruiter in the 2nd quarter worth $38,000. Public Employees Retirement System of Ohio bought a new position in shares of ZipRecruiter in the 2nd quarter worth $241,000. Militia Capital Management LLC purchased a new stake in shares of ZipRecruiter during the 1st quarter worth $399,000. Finally, Caerus Investment Advisors LLC purchased a new stake in shares of ZipRecruiter during the 1st quarter worth $25,000. 70.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ZIP shares. UBS Group raised their target price on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group boosted their target price on ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Weiss Ratings raised ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. Finally, Wall Street Zen upgraded ZipRecruiter from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, ZipRecruiter presently has an average rating of “Hold” and an average price target of $4.17.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects employers with job seekers. Its platform allows businesses of various sizes to create and distribute job postings, manage applicants and communicate with candidates, while helping job seekers search for employment opportunities and apply for positions.

The company uses technology and data-driven matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are delivered primarily through its website and mobile applications, with tools designed to streamline recruiting, applicant management and hiring workflows.

ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Redd.