ZipRecruiter (NYSE:ZIP) CEO Sells $34,901.98 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $3.59, for a total value of $34,901.98. Following the transaction, the chief executive officer directly owned 170,285 shares of the company’s stock, valued at $611,323.15. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

ZIP stock opened at $3.81 on Thursday. The firm has a market capitalization of $312.89 million, a P/E ratio of 10.87 and a beta of 1.55. The business’s 50-day moving average is $4.15 and its two-hundred day moving average is $3.53. ZipRecruiter, Inc. has a 1 year low of $1.65 and a 1 year high of $5.61.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.59. The company had revenue of $118.06 million during the quarter. On average, analysts expect that ZipRecruiter, Inc. will post -0.26 EPS for the current year.

Institutional Investors Weigh In On ZipRecruiter

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Militia Capital Management LLC purchased a new stake in shares of ZipRecruiter in the first quarter valued at about $399,000. Readystate Asset Management LP purchased a new position in ZipRecruiter during the first quarter worth about $347,000. Sei Investments Co. purchased a new position in ZipRecruiter during the first quarter worth about $140,000. Public Employees Retirement System of Ohio acquired a new stake in ZipRecruiter in the second quarter valued at about $241,000. Finally, Renaissance Technologies LLC boosted its holdings in ZipRecruiter by 3.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock valued at $3,534,000 after purchasing an additional 62,900 shares in the last quarter. Hedge funds and other institutional investors own 70.55% of the company’s stock.

Wall Street Analysts Forecast Growth

ZIP has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their target price on shares of ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 26th. Wall Street Zen lowered ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 27th. Finally, UBS Group boosted their target price 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, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $4.17.

About ZipRecruiter

ZipRecruiter, Inc (NYSE: ZIP) operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings, reach candidates across a broad network of recruiting channels, and manage applications through digital tools.

The company’s services are designed to support the hiring process from job advertising through candidate engagement. Features have included automated candidate matching, applicant invitations, resume search and related recruiting tools, while job seekers can search for available positions, create profiles and apply for jobs through the platform.

ZipRecruiter was founded in 2010 and initially focused on helping small and midsize businesses distribute job postings more efficiently.