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

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

ZipRecruiter Stock Performance

Shares of NYSE ZIP traded up $0.41 during mid-day trading on Thursday, reaching $4.66. 1,339,616 shares of the company’s stock were exchanged, compared to its average volume of 548,028. The company’s 50-day moving average is $3.77 and its 200-day moving average is $2.97. The firm has a market capitalization of $393.60 million, a price-to-earnings ratio of 13.32 and a beta of 1.42. ZipRecruiter, Inc. has a 52-week low of $1.65 and a 52-week high of $5.61.

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

More 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

Analysts Set New Price Targets

A number of research analysts have commented on ZIP shares. Weiss Ratings upgraded ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 20th. The Goldman Sachs Group increased their target price on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, UBS Group boosted their price target 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. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $4.38.

Institutional Investors Weigh In On ZipRecruiter

Several large investors have recently bought and sold shares of ZIP. Disciplined Growth Investors Inc. MN lifted 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 worth $22,587,000 after buying an additional 2,886,725 shares during the last quarter. Millennium Management LLC raised its position in shares of ZipRecruiter by 99.0% during the 3rd quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock worth $6,316,000 after acquiring an additional 744,805 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of ZipRecruiter by 63.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,402,698 shares of the company’s stock worth $5,919,000 after acquiring an additional 542,795 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in ZipRecruiter by 544.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 513,353 shares of the company’s stock worth $2,002,000 after purchasing an additional 433,727 shares during the last quarter. Finally, UBS Group AG lifted its stake in ZipRecruiter by 197.4% during the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock worth $2,516,000 after purchasing an additional 428,232 shares during the last quarter. Hedge funds and other institutional investors own 70.55% of the company’s stock.

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.