ZipRecruiter (NYSE:ZIP) EVP Ryan Sakamoto Sells 2,978 Shares of Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 2,978 shares of ZipRecruiter stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $3.86, for a total value of $11,495.08. Following the completion of the transaction, the executive vice president owned 125,637 shares of the company’s stock, valued at approximately $484,958.82. The trade was a 2.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Trading Down 0.9%

ZIP stock opened at $3.94 on Friday. The firm has a market cap of $332.25 million, a P/E ratio of -14.06 and a beta of 1.49. ZipRecruiter, Inc. has a 12-month low of $1.65 and a 12-month high of $5.61. The stock’s 50 day simple moving average is $3.27 and its 200 day simple moving average is $3.00.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.09. The firm had revenue of $107.55 million for the quarter. On average, research analysts forecast that ZipRecruiter, Inc. will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of ZipRecruiter during the third quarter valued at approximately $42,000. Evoke Wealth LLC bought a new position in ZipRecruiter in the 4th quarter worth approximately $40,000. nVerses Capital LLC acquired a new stake in ZipRecruiter in the 4th quarter valued at approximately $41,000. Mercer Global Advisors Inc. ADV bought a new stake in ZipRecruiter during the 3rd quarter valued at $44,000. Finally, Kemnay Advisory Services Inc. bought a new stake in ZipRecruiter during the 4th quarter valued at $43,000. 70.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ZIP shares. The Goldman Sachs Group increased their price objective on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research note on Monday, May 11th. UBS Group upped their target price on ZipRecruiter from $3.50 to $4.00 and gave the company a “neutral” rating in a report on Friday. Finally, Weiss Ratings started coverage on ZipRecruiter in a research report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, ZipRecruiter presently has a consensus rating of “Reduce” and an average target price of $3.88.

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.