ZipRecruiter, Inc. $ZIP Stake Boosted by UBS Group AG

UBS Group AG grew its stake in shares of ZipRecruiter, Inc. (NYSE:ZIP) by 197.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 645,157 shares of the company’s stock after purchasing an additional 428,232 shares during the quarter. UBS Group AG owned approximately 0.66% of ZipRecruiter worth $2,516,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. CWM LLC grew its holdings in shares of ZipRecruiter by 84.1% during the fourth quarter. CWM LLC now owns 30,280 shares of the company’s stock valued at $118,000 after purchasing an additional 13,828 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of ZipRecruiter during the fourth quarter valued at approximately $169,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of ZipRecruiter by 95.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,752 shares of the company’s stock valued at $100,000 after purchasing an additional 13,040 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ZipRecruiter by 356.5% during the third quarter. JPMorgan Chase & Co. now owns 141,353 shares of the company’s stock valued at $597,000 after purchasing an additional 110,391 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of ZipRecruiter during the third quarter worth approximately $336,000. 70.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings assumed coverage on ZipRecruiter in a research report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. Barclays reduced their price objective on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. The Goldman Sachs Group boosted their price objective on ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, 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. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ZipRecruiter currently has an average rating of “Reduce” and a consensus target price of $3.75.

ZipRecruiter Trading Up 1.0%

Shares of NYSE ZIP opened at $3.18 on Wednesday. The stock has a 50 day simple moving average of $2.69 and a 200-day simple moving average of $3.18. The company has a market cap of $268.42 million, a PE ratio of -11.36 and a beta of 1.47. ZipRecruiter, Inc. has a 12-month low of $1.65 and a 12-month high of $6.55.

ZipRecruiter (NYSE:ZIP) last released its earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09. The firm had revenue of $107.55 million during the quarter. Sell-side analysts forecast that ZipRecruiter, Inc. will post -0.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ZipRecruiter news, CEO Ian H. Siegel sold 9,722 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $3.23, for a total value of $31,402.06. Following the completion of the sale, the chief executive officer directly owned 111,152 shares in the company, valued at $359,020.96. This represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Travers sold 23,656 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $2.53, for a total value of $59,849.68. Following the completion of the sale, the chief financial officer owned 1,239,307 shares of the company’s stock, valued at $3,135,446.71. This trade represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 114,635 shares of company stock valued at $292,878 over the last 90 days. 19.85% of the stock is currently owned by insiders.

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.