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

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $3.01, for a total value of $29,263.22. Following the transaction, the chief executive officer directly owned 98,701 shares of the company’s stock, valued at $297,090.01. The trade was a 8.97% decrease in their position. 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 Up 6.3%

Shares of NYSE:ZIP opened at $3.20 on Wednesday. The company has a market capitalization of $270.12 million, a P/E ratio of -11.43 and a beta of 1.49. ZipRecruiter, Inc. has a 52-week low of $1.65 and a 52-week high of $5.61. The stock’s fifty day simple moving average is $3.20 and its 200-day simple moving average is $3.01.

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

Institutional Trading of ZipRecruiter

A number of institutional investors have recently modified their holdings of ZIP. Disciplined Growth Investors Inc. MN raised its stake in shares of ZipRecruiter by 178.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock valued at $22,587,000 after acquiring an additional 2,886,725 shares during the period. Millennium Management LLC boosted its position 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 purchasing an additional 744,805 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in ZipRecruiter by 63.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,402,698 shares of the company’s stock worth $5,919,000 after purchasing an additional 542,795 shares during the period. Tudor Investment Corp ET AL increased its holdings in ZipRecruiter by 544.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 513,353 shares of the company’s stock valued at $2,002,000 after purchasing an additional 433,727 shares in the last quarter. Finally, UBS Group AG raised its position in ZipRecruiter by 197.4% in the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock valued at $2,516,000 after purchasing an additional 428,232 shares during the period. Hedge funds and other institutional investors own 70.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Monday, May 11th. UBS Group raised their target price on shares of ZipRecruiter from $2.50 to $3.50 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings assumed coverage on shares of ZipRecruiter in a research note on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. Finally, Barclays decreased their price objective on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target 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.