ZipRecruiter (NYSE:ZIP) CFO Sells 24,706 Shares

ZipRecruiter, Inc. (NYSE:ZIP) CFO David Travers sold 24,706 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $2.99, for a total value of $73,870.94. Following the completion of the sale, the chief financial officer owned 1,245,763 shares of the company’s stock, valued at $3,724,831.37. The trade was a 1.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Up 6.3%

NYSE:ZIP traded up $0.19 on Tuesday, reaching $3.20. 837,871 shares of the company’s stock traded hands, compared to its average volume of 616,317. The stock has a 50-day simple moving average of $3.20 and a 200-day simple moving average of $3.01. The firm has a market cap of $270.11 million, a PE ratio of -11.43 and a beta of 1.49. ZipRecruiter, Inc. has a 12 month low of $1.65 and a 12 month high of $5.61.

ZipRecruiter (NYSE:ZIP) last released its quarterly earnings data 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 business had revenue of $107.55 million during the quarter. On average, equities analysts anticipate that ZipRecruiter, Inc. will post -0.08 earnings per share for the current year.

Hedge Funds Weigh In On ZipRecruiter

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZIP. Disciplined Growth Investors Inc. MN grew its holdings in ZipRecruiter by 178.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock valued at $22,587,000 after buying an additional 2,886,725 shares in the last quarter. Millennium Management LLC raised its holdings in shares of ZipRecruiter by 99.0% during the 3rd quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock worth $6,316,000 after acquiring an additional 744,805 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of ZipRecruiter by 63.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,402,698 shares of the company’s stock valued at $5,919,000 after acquiring an additional 542,795 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in shares of ZipRecruiter by 544.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 513,353 shares of the company’s stock valued at $2,002,000 after acquiring an additional 433,727 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of ZipRecruiter by 197.4% in the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock valued at $2,516,000 after purchasing an additional 428,232 shares in the last quarter. 70.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings began coverage on shares of ZipRecruiter in a report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. Barclays lowered their target price on shares of ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. UBS Group upped their target price on shares of ZipRecruiter from $2.50 to $3.50 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group raised their target price on shares of ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ZipRecruiter presently has an average rating of “Reduce” and an average target price of $3.75.

About ZipRecruiter

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.