ZipRecruiter (NYSE:ZIP) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

ZipRecruiter, Inc. (NYSE:ZIP)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.95 and traded as high as $3.98. ZipRecruiter shares last traded at $3.9570, with a volume of 569,655 shares traded.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Weiss Ratings initiated coverage on ZipRecruiter in a research report on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. The Goldman Sachs Group raised their target price on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, UBS Group lifted their target price on shares of ZipRecruiter from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ZipRecruiter currently has a consensus rating of “Reduce” and an average target price of $3.88.

ZipRecruiter Stock Down 0.1%

The company has a market capitalization of $334.01 million, a PE ratio of -14.13 and a beta of 1.43. The stock’s fifty day moving average price is $3.38 and its two-hundred day moving average price is $2.95.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings results 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, equities research analysts forecast that ZipRecruiter, Inc. will post -0.08 EPS for the current year.

Insider Activity

In related news, CEO Ian H. 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 value of $104,934.00. Following the sale, the chief executive officer owned 108,423 shares in the company, valued at $325,269. The trade was a 24.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Travers sold 24,706 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $2.99, for a total transaction of $73,870.94. Following the transaction, the chief financial officer directly owned 1,245,763 shares in the company, valued at approximately $3,724,831.37. The trade was a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 116,555 shares of company stock valued at $352,023. Company insiders own 19.85% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Caerus Investment Advisors LLC bought a new stake in shares of ZipRecruiter during the 1st quarter valued at about $25,000. Evoke Wealth LLC bought a new position in ZipRecruiter in the fourth quarter worth about $40,000. nVerses Capital LLC purchased a new stake in ZipRecruiter in the fourth quarter worth about $41,000. Quarry LP purchased a new stake in ZipRecruiter in the third quarter worth about $42,000. Finally, Kemnay Advisory Services Inc. bought a new stake in ZipRecruiter during the 4th quarter valued at approximately $43,000. 70.55% of the stock is currently owned by institutional investors.

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.