ZipRecruiter (NYSE:ZIP) President Sells $90,420.30 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) President David Travers sold 24,705 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $3.66, for a total value of $90,420.30. Following the completion of the sale, the president directly owned 1,252,219 shares of the company’s stock, valued at approximately $4,583,121.54. This trade represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Down 3.5%

ZIP opened at $3.46 on Friday. The firm has a market cap of $284.10 million, a price-to-earnings ratio of 9.87 and a beta of 1.44. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $5.61. The business’s 50 day moving average is $4.23 and its two-hundred day moving average is $3.47.

ZipRecruiter (NYSE:ZIP) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.59. The firm had revenue of $118.06 million during the quarter. Equities analysts expect that ZipRecruiter, Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZIP has been the topic of several research reports. Weiss Ratings raised shares of ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 26th. The Goldman Sachs Group upped their target price on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Wall Street Zen raised ZipRecruiter from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th. Finally, UBS Group boosted their price target on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ZipRecruiter has a consensus rating of “Hold” and an average price target of $4.17.

Hedge Funds Weigh In On ZipRecruiter

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Caerus Investment Advisors LLC acquired a new position in ZipRecruiter in the 1st quarter valued at $25,000. AXQ Capital LP purchased a new stake in shares of ZipRecruiter in the second quarter valued at about $38,000. Evoke Wealth LLC purchased a new stake in shares of ZipRecruiter in the fourth quarter valued at about $40,000. Militia Capital Management LLC acquired a new position in shares of ZipRecruiter during the first quarter worth about $134,000. Finally, Sei Investments Co. purchased a new position in ZipRecruiter during the first quarter worth about $140,000. 70.55% of the stock is currently owned by hedge funds and other institutional investors.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects employers with job seekers. Its platform allows businesses of various sizes to create and distribute job postings, manage applicants and communicate with candidates, while helping job seekers search for employment opportunities and apply for positions.

The company uses technology and data-driven matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are delivered primarily through its website and mobile applications, with tools designed to streamline recruiting, applicant management and hiring workflows.

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