ZipRecruiter (NYSE:ZIP) EVP Sells $10,393.22 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 2,978 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $3.49, for a total transaction of $10,393.22. Following the completion of the sale, the executive vice president owned 126,677 shares of the company’s stock, valued at approximately $442,102.73. The trade was a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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

ZIP stock opened at $3.51 on Thursday. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $5.61. The firm’s fifty day moving average is $4.19 and its 200 day moving average is $3.49. The firm has a market cap of $288.30 million, a P/E ratio of 10.02 and a beta of 1.44.

ZipRecruiter (NYSE:ZIP) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.59. The business had revenue of $118.06 million during the quarter. As a group, analysts forecast that ZipRecruiter, Inc. will post 0.16 EPS for the current year.

Hedge Funds Weigh In On ZipRecruiter

Hedge funds have recently modified their holdings of the company. Varde Management L.P. boosted its holdings in shares of ZipRecruiter by 6.9% during the second quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock worth $1,393,000 after purchasing an additional 23,929 shares during the period. AXQ Capital LP purchased a new position in ZipRecruiter during the 2nd quarter valued at about $38,000. Public Employees Retirement System of Ohio purchased a new position in ZipRecruiter during the 2nd quarter valued at about $241,000. Militia Capital Management LLC bought a new position in ZipRecruiter during the 1st quarter valued at approximately $399,000. Finally, Caerus Investment Advisors LLC purchased a new stake in ZipRecruiter in the 1st quarter worth approximately $25,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

Analyst Ratings Changes

ZIP has been the subject of a number of recent research reports. UBS Group boosted their target price on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Wall Street Zen lowered ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research report on Sunday. The Goldman Sachs Group lifted their price target on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 26th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.17.

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.