ZipRecruiter (NYSE:ZIP) CEO Sells $30,040.98 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of ZipRecruiter stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $3.09, for a total value of $30,040.98. Following the sale, the chief executive officer directly owned 130,596 shares in the company, valued at $403,541.64. This trade represents a 6.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Trading Up 16.0%

Shares of ZIP opened at $3.60 on Friday. The business’s 50 day moving average is $2.43 and its 200 day moving average is $3.28. The company has a market capitalization of $303.45 million, a PE ratio of -12.84 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 issued its earnings results 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 for the quarter. Equities research analysts predict that ZipRecruiter, Inc. will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ZIP. UBS Group lifted their target price on ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a research note on Friday. Weiss Ratings initiated coverage on ZipRecruiter in a research note on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. Finally, Barclays cut their price target on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, ZipRecruiter has a consensus rating of “Reduce” and an average price target of $4.25.

Hedge Funds Weigh In On ZipRecruiter

A number of institutional investors and hedge funds have recently modified their holdings of ZIP. Amundi purchased a new position in shares of ZipRecruiter in the 1st quarter worth approximately $70,000. AQR Capital Management LLC purchased a new position in shares of ZipRecruiter in the 1st quarter worth approximately $133,000. Goldman Sachs Group Inc. boosted its holdings in shares of ZipRecruiter by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 374,650 shares of the company’s stock worth $2,207,000 after purchasing an additional 35,256 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of ZipRecruiter by 59.7% in the 1st quarter. Acadian Asset Management LLC now owns 92,053 shares of the company’s stock worth $540,000 after purchasing an additional 34,424 shares during the period. Finally, Creative Planning boosted its holdings in shares of ZipRecruiter by 20.5% in the 2nd quarter. Creative Planning now owns 29,838 shares of the company’s stock worth $149,000 after purchasing an additional 5,069 shares during the period. Hedge funds and other 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.