ZipRecruiter (NYSE:ZIP) EVP Ryan Sakamoto Sells 2,978 Shares of Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 2,978 shares of ZipRecruiter stock in a transaction on Monday, October 26th. The stock was sold at an average price of $4.54, for a total transaction of $13,520.12. Following the transaction, the executive vice president directly owned 123,699 shares of the company’s stock, valued at $561,593.46. This represents a 2.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Down 1.4%

ZIP stock opened at $4.46 on Wednesday. The firm has a market cap of $366.32 million, a price-to-earnings ratio of 12.73 and a beta of 1.55. ZipRecruiter, Inc. has a 12-month low of $1.65 and a 12-month high of $5.61. The company’s fifty day simple moving average is $4.11 and its 200 day simple moving average is $3.33.

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

Wall Street Analysts Forecast Growth

ZIP has been the topic of several research analyst reports. Weiss Ratings upgraded ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 26th. UBS Group lifted their target price on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded ZipRecruiter from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, The Goldman Sachs Group boosted 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. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ZIP. AXQ Capital LP bought a new stake in ZipRecruiter in the second quarter valued at $38,000. Caerus Investment Advisors LLC acquired a new position in shares of ZipRecruiter during the first quarter valued at about $25,000. Citizens Financial Group Inc. RI raised its holdings in shares of ZipRecruiter by 6.4% during the third quarter. Citizens Financial Group Inc. RI now owns 37,647 shares of the company’s stock valued at $132,000 after purchasing an additional 2,264 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of ZipRecruiter during the second quarter valued at about $241,000. Finally, Militia Capital Management LLC acquired a new position in shares of ZipRecruiter during the first quarter valued at about $134,000. 70.55% of the stock is owned by institutional investors.

About ZipRecruiter

ZipRecruiter, Inc operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings across a broad network of online channels, while helping candidates search for available positions and apply for roles.

The company uses technology and matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are designed for businesses of various sizes, including small and midsize employers, as well as staffing firms and larger organizations.

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