ZipRecruiter (NYSE:ZIP) CEO Ian Siegel Sells 34,978 Shares of Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 34,978 shares of ZipRecruiter stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $3.00, for a total value of $104,934.00. Following the sale, the chief executive officer directly owned 108,423 shares in the company, valued at approximately $325,269. This trade represents a 24.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

Shares of ZIP stock opened at $3.20 on Wednesday. ZipRecruiter, Inc. has a 12-month low of $1.65 and a 12-month high of $5.61. The firm has a market capitalization of $270.12 million, a price-to-earnings ratio of -11.43 and a beta of 1.49. The business has a 50 day simple moving average of $3.20 and a 200 day simple moving average of $3.01.

ZipRecruiter (NYSE:ZIP) last posted its earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate 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 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ZIP shares. Weiss Ratings initiated coverage on shares of ZipRecruiter in a research note on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. Barclays decreased their target price on shares of ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. UBS Group raised their target price on shares of ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, The Goldman Sachs Group boosted their price target on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Four investment 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, the stock currently has a consensus rating of “Reduce” and a consensus price target of $3.75.

Institutional Trading of ZipRecruiter

A number of hedge funds and other institutional investors have recently modified their holdings of ZIP. UBS Group AG raised its holdings in shares of ZipRecruiter by 197.4% in the 4th quarter. UBS Group AG now owns 645,157 shares of the company’s stock worth $2,516,000 after purchasing an additional 428,232 shares in the last quarter. Alpine Global Management LLC bought a new stake in ZipRecruiter during the fourth quarter worth approximately $169,000. AXQ Capital LP bought a new stake in ZipRecruiter during the fourth quarter worth approximately $98,000. Evoke Wealth LLC acquired a new position in ZipRecruiter in the fourth quarter worth approximately $40,000. Finally, Argos Wealth Advisors LLC acquired a new position in ZipRecruiter in the fourth quarter worth approximately $108,000. Institutional investors own 70.55% of the company’s stock.

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.