Ryan Sakamoto Sells 2,978 Shares of ZipRecruiter (NYSE:ZIP) Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 2,978 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $3.86, for a total transaction of $11,495.08. Following the completion of the sale, the executive vice president owned 125,637 shares of the company’s stock, valued at $484,958.82. The trade was a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

Shares of NYSE ZIP traded down $0.03 during trading on Friday, hitting $3.94. 3,273,623 shares of the company traded hands, compared to its average volume of 1,137,799. The business’s fifty day moving average is $3.27 and its 200 day moving average is $3.00. ZipRecruiter, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $5.61. The firm has a market capitalization of $332.24 million, a price-to-earnings ratio of -14.06 and a beta of 1.49.

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

Institutional Investors Weigh In On ZipRecruiter

A number of hedge funds have recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN increased its position in ZipRecruiter by 178.0% in the second 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 grew its stake 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 during the period. Jacobs Levy Equity Management Inc. grew its stake 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 during the period. Tudor Investment Corp ET AL increased its holdings in ZipRecruiter by 544.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 513,353 shares of the company’s stock worth $2,002,000 after acquiring an additional 433,727 shares during the last quarter. Finally, UBS Group AG increased its holdings in ZipRecruiter by 197.4% in the 4th quarter. UBS Group AG now owns 645,157 shares of the company’s stock worth $2,516,000 after acquiring an additional 428,232 shares during the last quarter. Institutional investors own 70.55% of the company’s stock.

Analyst Ratings Changes

ZIP has been the topic of a number of recent research reports. UBS Group increased their target price on ZipRecruiter from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Friday. Weiss Ratings initiated coverage on shares of ZipRecruiter in a report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. The Goldman Sachs Group raised their price objective on shares of ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Barclays reduced their price objective on shares of ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, ZipRecruiter presently has an average rating of “Reduce” and a consensus target price of $3.88.

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.