Ian Siegel Sells 9,722 Shares of ZipRecruiter (NYSE:ZIP) Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of ZipRecruiter stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $4.42, for a total transaction of $42,971.24. Following the completion of the transaction, the chief executive officer owned 50,091 shares of the company’s stock, valued at $221,402.22. This trade represents a 16.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

Shares of ZIP traded up $0.41 on Thursday, hitting $4.66. The company’s stock had a trading volume of 1,339,616 shares, compared to its average volume of 548,028. The company has a market capitalization of $393.60 million, a PE ratio of 13.32 and a beta of 1.42. ZipRecruiter, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $5.61. The company has a 50 day moving average price of $3.77 and a 200 day moving average price of $2.97.

ZipRecruiter (NYSE:ZIP) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share (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 forecast that ZipRecruiter, Inc. will post -0.08 EPS for the current year.

Key Headlines Impacting ZipRecruiter

Here are the key news stories impacting ZipRecruiter this week:

• Positive Sentiment: Q2 results exceeded expectations: ZipRecruiter reported second-quarter revenue of approximately $118.1 million, ahead of forecasts, while adjusted earnings also beat consensus estimates. Coverage from Zacks cited a loss of $0.04 per share versus an expected loss of $0.06, compared with a $0.10 loss a year earlier. ZipRecruiter Q2 loss beats revenue estimates
• Positive Sentiment: Q3 guidance topped analyst expectations: Management forecast revenue of $118 million to $124 million for the third quarter, compared with consensus of $115.7 million. The company also targeted a 13% adjusted EBITDA margin, signaling expectations for continued profitability and operating discipline. ZipRecruiter Q3 revenue forecast
• Positive Sentiment: Goldman Sachs raised its price target: Goldman increased its target from $3.50 to $5.00, reflecting improved expectations following the results. However, it maintained a neutral rating, limiting the bullish signal. Goldman Sachs price target report
• Neutral Sentiment: CEO stock sales disclosed: CEO Ian H. Siegel sold a combined 19,444 shares at prices ranging from $4.42 to $4.55. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, reducing concerns that the sales necessarily reflect a change in his outlook, though they may still weigh modestly on sentiment. SEC insider trading filing

Institutional Trading of ZipRecruiter

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new position in shares of ZipRecruiter in the 3rd quarter valued at $42,000. Evoke Wealth LLC acquired a new stake in shares of ZipRecruiter during the fourth quarter worth $40,000. nVerses Capital LLC bought a new stake in ZipRecruiter in the fourth quarter valued at about $41,000. Mercer Global Advisors Inc. ADV bought a new stake in ZipRecruiter in the third quarter valued at about $44,000. Finally, Kemnay Advisory Services Inc. acquired a new position in ZipRecruiter in the fourth quarter valued at about $43,000. Institutional investors own 70.55% of the company’s stock.

Analyst Ratings Changes

ZIP has been the subject of several research reports. UBS Group raised their price objective on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group increased their price objective on ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Weiss Ratings raised ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 20th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $4.38.

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.