ZipRecruiter (NYSE:ZIP) CEO Ian Siegel Sells 9,722 Shares of Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of ZipRecruiter stock in a transaction on Monday, September 21st. The shares were sold at an average price of $3.80, for a total transaction of $36,943.60. Following the completion of the sale, the chief executive officer owned 209,173 shares in the company, valued at approximately $794,857.40. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Down 4.3%

Shares of ZIP stock opened at $3.71 on Wednesday. The company’s fifty day simple moving average is $4.25 and its two-hundred day simple moving average is $3.46. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $5.61. The stock has a market cap of $305.48 million, a P/E ratio of 10.61 and a beta of 1.44.

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

Institutional Investors Weigh In On ZipRecruiter

Institutional investors and hedge funds have recently modified their holdings of the business. Varde Management L.P. lifted its position 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 last quarter. AXQ Capital LP bought a new position in ZipRecruiter in the 2nd quarter worth about $38,000. Public Employees Retirement System of Ohio purchased a new position in shares of ZipRecruiter during the second quarter worth approximately $241,000. Militia Capital Management LLC purchased a new position in shares of ZipRecruiter during the first quarter worth approximately $399,000. Finally, Caerus Investment Advisors LLC bought a new stake in shares of ZipRecruiter during the first quarter valued at approximately $25,000. 70.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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