ZipRecruiter (NYSE:ZIP) CEO Sells $33,832.56 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $3.48, for a total value of $33,832.56. Following the sale, the chief executive officer directly owned 189,729 shares in the company, valued at approximately $660,256.92. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a 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 Up 3.4%

ZIP stock opened at $3.81 on Thursday. The company has a market cap of $312.89 million, a PE ratio of 10.87 and a beta of 1.55. The business has a 50-day simple moving average of $4.15 and a 200 day simple moving average of $3.53. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $5.61.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The firm had revenue of $118.06 million for the quarter. On average, analysts anticipate that ZipRecruiter, Inc. will post -0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZIP has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. UBS Group upped their target price on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group lifted their price target on ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen cut ZipRecruiter from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.17.

Institutional Investors Weigh In On ZipRecruiter

Hedge funds have recently made changes to their positions in the stock. Militia Capital Management LLC acquired a new position in ZipRecruiter during the 1st quarter worth approximately $399,000. Readystate Asset Management LP bought a new position in ZipRecruiter in the 1st quarter valued at approximately $347,000. Sei Investments Co. acquired a new stake in ZipRecruiter in the first quarter valued at approximately $140,000. Public Employees Retirement System of Ohio acquired a new stake in ZipRecruiter in the second quarter valued at approximately $241,000. Finally, Renaissance Technologies LLC grew its stake in shares of ZipRecruiter by 3.4% during the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock worth $3,534,000 after buying an additional 62,900 shares during the last quarter. 70.55% of the stock is currently owned by institutional investors and hedge funds.

ZipRecruiter Company Profile

ZipRecruiter, Inc (NYSE: ZIP) operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings, reach candidates across a broad network of recruiting channels, and manage applications through digital tools.

The company’s services are designed to support the hiring process from job advertising through candidate engagement. Features have included automated candidate matching, applicant invitations, resume search and related recruiting tools, while job seekers can search for available positions, create profiles and apply for jobs through the platform.

ZipRecruiter was founded in 2010 and initially focused on helping small and midsize businesses distribute job postings more efficiently.