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

ZipRecruiter, Inc. (NYSE:ZIP) CFO David Travers sold 24,706 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 1,245,763 shares of the company’s stock, valued at $3,724,831.37. This represents a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

Shares of ZIP stock opened at $3.20 on Wednesday. The company has a market cap of $270.12 million, a P/E ratio of -11.43 and a beta of 1.49. The stock has a 50 day simple moving average of $3.20 and a two-hundred day simple moving average of $3.01. ZipRecruiter, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $5.61.

ZipRecruiter (NYSE:ZIP) last issued its quarterly 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 during the quarter. On average, research analysts predict that ZipRecruiter, Inc. will post -0.08 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Weiss Ratings started coverage on shares of ZipRecruiter in a research note on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. UBS Group lifted their price target 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. Barclays dropped their price objective 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. Finally, The Goldman Sachs Group increased their price objective 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 research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $3.75.

Institutional Investors Weigh In On ZipRecruiter

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of ZipRecruiter during the third quarter worth approximately $42,000. Evoke Wealth LLC bought a new position in shares of ZipRecruiter in the 4th quarter worth $40,000. nVerses Capital LLC acquired a new stake in ZipRecruiter in the 4th quarter valued at $41,000. Mercer Global Advisors Inc. ADV acquired a new stake in ZipRecruiter in the 3rd quarter valued at $44,000. Finally, Kemnay Advisory Services Inc. bought a new stake in ZipRecruiter during the 4th quarter valued at $43,000. 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.