ZipRecruiter (NYSE:ZIP) CEO Ian Siegel Sells 34,978 Shares of Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 34,978 shares of ZipRecruiter stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $3.00, for a total transaction of $104,934.00. Following the completion of the sale, the chief executive officer directly owned 108,423 shares of the company’s stock, valued at approximately $325,269. The trade was a 24.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Up 6.3%

ZIP traded up $0.19 during trading on Tuesday, hitting $3.20. 837,871 shares of the company’s stock were exchanged, compared to its average volume of 616,317. The business’s 50 day moving average is $3.20 and its two-hundred day moving average is $3.01. ZipRecruiter, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $5.61. The stock has a market cap of $270.11 million, a P/E ratio of -11.43 and a beta of 1.49.

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

Institutional Investors Weigh In On ZipRecruiter

Hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of ZipRecruiter during the 3rd quarter worth approximately $42,000. Evoke Wealth LLC bought a new position in ZipRecruiter during the fourth quarter valued at $40,000. nVerses Capital LLC purchased a new stake in ZipRecruiter in the fourth quarter worth $41,000. Mercer Global Advisors Inc. ADV purchased a new stake in ZipRecruiter in the third quarter worth $44,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of ZipRecruiter in the fourth quarter valued at $43,000. 70.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group boosted their price objective on ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Monday, May 11th. Weiss Ratings began coverage on ZipRecruiter in a research report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. Barclays decreased their price target on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Finally, UBS Group increased their price target on ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a research report on Friday, May 8th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $3.75.

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.