ZipRecruiter (NYSE:ZIP) Stock: Insider Boris Shimanovsky Sells 30,000 Shares

ZipRecruiter, Inc. (NYSE:ZIP) EVP Boris Shimanovsky sold 30,000 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $4.70, for a total value of $141,000.00. Following the completion of the transaction, the executive vice president directly owned 408,975 shares in the company, valued at $1,922,182.50. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a legal 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

Shares of NYSE ZIP opened at $3.75 on Friday. The company has a market capitalization of $307.95 million, a price-to-earnings ratio of 10.70 and a beta of 1.54. The business has a 50-day moving average of $4.04 and a two-hundred day moving average of $3.38. ZipRecruiter, Inc. has a 1 year low of $1.65 and a 1 year high of $5.61.

ZipRecruiter (NYSE:ZIP) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.59. The business had revenue of $118.06 million for the quarter. As a group, equities research analysts expect that ZipRecruiter, Inc. will post -0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Militia Capital Management LLC purchased a new stake in ZipRecruiter in the 1st quarter valued at approximately $399,000. Readystate Asset Management LP purchased a new stake in ZipRecruiter in the 1st quarter worth approximately $347,000. State of Wyoming lifted its position in shares of ZipRecruiter by 458.9% during the third quarter. State of Wyoming now owns 123,918 shares of the company’s stock worth $435,000 after purchasing an additional 101,748 shares during the last quarter. Sei Investments Co. bought a new position in ZipRecruiter during the 1st quarter worth approximately $140,000. Finally, Public Employees Retirement System of Ohio bought a new position in ZipRecruiter during the second quarter worth $241,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group increased their price target on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. UBS Group upped their target price on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Weiss Ratings raised shares of ZipRecruiter from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 27th. Finally, Wall Street Zen lowered shares of ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat, ZipRecruiter has a consensus rating of “Hold” and an average target price of $4.17.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings across a broad network of online channels, while helping candidates search for available positions and apply for roles.

The company uses technology and matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are designed for businesses of various sizes, including small and midsize employers, as well as staffing firms and larger organizations.

ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Kinnear.