ZipRecruiter (NYSE:ZIP) CEO Sells $30,040.98 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of ZipRecruiter stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $3.09, for a total transaction of $30,040.98. Following the completion of the transaction, the chief executive officer owned 130,596 shares of the company’s stock, valued at $403,541.64. This represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

ZipRecruiter stock traded down $0.01 during mid-day trading on Thursday, reaching $3.11. The company’s stock had a trading volume of 1,179,001 shares, compared to its average volume of 1,239,859. ZipRecruiter, Inc. has a 12-month low of $1.65 and a 12-month high of $6.55. The company has a market capitalization of $262.85 million, a P/E ratio of -8.90 and a beta of 1.47. The firm’s fifty day moving average price is $2.43 and its two-hundred day moving average price is $3.28.

ZipRecruiter (NYSE:ZIP) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.09. The business had revenue of $107.55 million during the quarter. On average, research analysts predict that ZipRecruiter, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN grew 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 acquiring an additional 2,886,725 shares in the last quarter. Renaissance Technologies LLC grew its position 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 acquiring an additional 47,600 shares in the last quarter. Millennium Management LLC grew its position 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 acquiring an additional 744,805 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position 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 acquiring an additional 38,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position 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 acquiring an additional 38,351 shares in the last quarter. 70.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ZIP. Barclays reduced their price target on shares of ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Weiss Ratings initiated coverage on shares of ZipRecruiter in a research report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. Finally, UBS Group dropped their price objective on shares of ZipRecruiter from $4.50 to $2.50 and set a “neutral” rating for the company in a report on Thursday, February 26th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $4.00.

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.