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

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $3.95, for a total transaction of $38,401.90. Following the sale, the chief executive officer directly owned 79,257 shares in the company, valued at approximately $313,065.15. This represents a 10.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Trading Up 0.7%

Shares of ZIP opened at $3.92 on Friday. The firm’s 50-day moving average is $3.46 and its two-hundred day moving average is $2.91. ZipRecruiter, Inc. has a twelve month low of $1.65 and a twelve month high of $5.61. The firm has a market capitalization of $330.55 million, a P/E ratio of -13.99 and a beta of 1.43.

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

Analysts Set New Price Targets

Several research firms have weighed in on ZIP. Weiss Ratings reissued a “sell (e+)” rating on shares of ZipRecruiter in a report on Monday. The Goldman Sachs Group lifted their price target on ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, UBS Group increased their price objective on shares of ZipRecruiter from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Four equities 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 company currently has an average rating of “Reduce” and an average target price of $3.88.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ZIP. Disciplined Growth Investors Inc. MN grew its holdings in ZipRecruiter by 178.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock valued at $22,587,000 after buying an additional 2,886,725 shares during the last quarter. Millennium Management LLC lifted its position in shares of ZipRecruiter by 99.0% in the third quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock valued at $6,316,000 after acquiring an additional 744,805 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of ZipRecruiter by 63.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,402,698 shares of the company’s stock valued at $5,919,000 after acquiring an additional 542,795 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of ZipRecruiter by 544.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 513,353 shares of the company’s stock valued at $2,002,000 after acquiring an additional 433,727 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of ZipRecruiter by 197.4% during the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock valued at $2,516,000 after acquiring an additional 428,232 shares during the last quarter. 70.55% of the stock is currently owned by institutional investors and hedge funds.

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.