Readystate Asset Management LP Takes $347,000 Position in ZipRecruiter, Inc. $ZIP

Readystate Asset Management LP purchased a new stake in ZipRecruiter, Inc. (NYSE:ZIP) during the first quarter, according to its most recent filing with the SEC. The firm purchased 188,393 shares of the company’s stock, valued at approximately $347,000.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price target 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. Weiss Ratings upgraded shares of ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 20th. Finally, UBS Group raised their price objective on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, ZipRecruiter currently has a consensus rating of “Reduce” and an average price target of $4.00.

Insider Transactions at ZipRecruiter

In related news, CEO Ian H. Siegel sold 9,722 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $3.90, for a total value of $37,915.80. Following the sale, the chief executive officer directly owned 59,813 shares of the company’s stock, valued at approximately $233,270.70. The trade was a 13.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Travers sold 24,706 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $2.99, for a total transaction of $73,870.94. Following the completion of the transaction, the chief financial officer directly owned 1,245,763 shares of the company’s stock, valued at approximately $3,724,831.37. The trade was a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 134,829 shares of company stock valued at $444,952 over the last quarter. Corporate insiders own 19.85% of the company’s stock.

ZipRecruiter Stock Performance

Shares of ZIP opened at $4.15 on Thursday. The stock has a 50 day simple moving average of $3.64 and a 200 day simple moving average of $2.92. ZipRecruiter, Inc. has a 52-week low of $1.65 and a 52-week high of $5.61. The firm has a market capitalization of $350.13 million, a PE ratio of -14.81 and a beta of 1.43.

ZipRecruiter (NYSE:ZIP) last announced its earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.09. The company had revenue of $107.55 million for the quarter. Equities research analysts predict that ZipRecruiter, Inc. will post -0.08 EPS for the current fiscal year.

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.