ZipRecruiter (NYSE:ZIP) CEO Ian Siegel Sells 34,978 Shares

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 34,978 shares of ZipRecruiter stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $3.00, for a total value of $104,934.00. Following the completion of the transaction, the chief executive officer owned 108,423 shares in the company, valued at approximately $325,269. This represents a 24.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Up 6.3%

Shares of ZIP stock traded up $0.19 on Tuesday, reaching $3.20. The company had a trading volume of 837,871 shares, compared to its average volume of 616,317. The stock has a market capitalization of $270.11 million, a PE ratio of -11.43 and a beta of 1.49. The business’s 50-day moving average is $3.20 and its 200 day moving average is $3.01. ZipRecruiter, Inc. has a one year low of $1.65 and a one year high of $5.61.

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

Institutional Trading of ZipRecruiter

A number of institutional investors and hedge funds have recently bought and sold shares of ZIP. Disciplined Growth Investors Inc. MN boosted its position in shares of ZipRecruiter by 178.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock worth $22,587,000 after purchasing an additional 2,886,725 shares in the last quarter. Renaissance Technologies LLC increased its position in ZipRecruiter by 3.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock valued at $3,534,000 after buying an additional 62,900 shares in the last quarter. Millennium Management LLC raised its stake in ZipRecruiter by 99.0% during the 3rd quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock worth $6,316,000 after buying an additional 744,805 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings 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. boosted its holdings 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 institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings began coverage on ZipRecruiter in a research report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. UBS Group increased their target price on ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a research report on Friday, May 8th. Barclays reduced their price target on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Finally, The Goldman Sachs Group upped their price objective on ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Monday, May 11th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ZipRecruiter has an average rating of “Reduce” and an average target price of $3.75.

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.