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

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of ZipRecruiter stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $3.23, for a total value of $31,402.06. Following the sale, the chief executive officer owned 111,152 shares of the company’s stock, valued at approximately $359,020.96. This represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

Shares of ZipRecruiter stock opened at $3.11 on Friday. The firm has a market cap of $262.85 million, a price-to-earnings ratio of -8.90 and a beta of 1.47. ZipRecruiter, Inc. has a 52-week low of $1.65 and a 52-week high of $6.55. The stock has a 50-day simple moving average of $2.43 and a 200-day simple moving average of $3.28.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.09. The firm had revenue of $107.55 million for the quarter. As a group, equities research analysts predict that ZipRecruiter, Inc. will post -0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Weiss Ratings assumed coverage on ZipRecruiter in a research note on Tuesday, April 7th. They issued a “sell (e+)” rating on the stock. UBS Group cut their price objective on ZipRecruiter from $4.50 to $2.50 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Finally, Barclays dropped their price target on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $4.00.

Institutional Trading of ZipRecruiter

Several institutional investors have recently bought and sold shares of the stock. Disciplined Growth Investors Inc. MN boosted its stake in ZipRecruiter by 178.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock valued at $22,587,000 after buying an additional 2,886,725 shares in the last quarter. Renaissance Technologies LLC boosted its stake in ZipRecruiter by 2.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,858,000 shares of the company’s stock worth $7,246,000 after purchasing an additional 47,600 shares in the last quarter. Millennium Management LLC boosted its stake in ZipRecruiter by 99.0% in the third quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock worth $6,316,000 after purchasing an additional 744,805 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in ZipRecruiter by 2.8% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,441,616 shares of the company’s stock worth $5,622,000 after purchasing an additional 38,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in ZipRecruiter by 5.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 803,229 shares of the company’s stock worth $3,133,000 after purchasing an additional 38,351 shares in the last quarter. Institutional investors and hedge funds own 70.55% of the company’s stock.

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.