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

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $4.55, for a total transaction of $44,235.10. Following the sale, the chief executive officer owned 30,647 shares of the company’s stock, valued at $139,443.85. The trade was a 24.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

NYSE ZIP opened at $4.66 on Friday. ZipRecruiter, Inc. has a 1 year low of $1.65 and a 1 year high of $5.61. The business’s fifty day moving average is $3.77 and its two-hundred day moving average is $2.97. The stock has a market capitalization of $393.60 million, a P/E ratio of 13.32 and a beta of 1.42.

ZipRecruiter (NYSE:ZIP) last issued its earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09. The company had revenue of $107.55 million during the quarter. On average, research analysts forecast that ZipRecruiter, Inc. will post -0.08 earnings per share for the current year.

Key ZipRecruiter News

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 have recently made changes to their positions in ZIP. UBS Group AG grew its position in ZipRecruiter by 197.4% in the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock worth $2,516,000 after acquiring an additional 428,232 shares in the last quarter. Militia Capital Management LLC bought a new position in shares of ZipRecruiter during the 1st quarter valued at $399,000. Readystate Asset Management LP bought a new position in shares of ZipRecruiter during the 1st quarter valued at $347,000. Hsbc Holdings PLC raised its holdings in shares of ZipRecruiter by 30.6% during the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock valued at $808,000 after purchasing an additional 48,881 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new stake in shares of ZipRecruiter in the 4th quarter valued at $169,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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