ZipRecruiter (NYSE:ZIP) CEO Sells $42,971.24 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $4.42, for a total transaction of $42,971.24. Following the completion of the transaction, the chief executive officer owned 50,091 shares in the company, valued at approximately $221,402.22. The trade was a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

ZIP stock opened at $5.11 on Friday. The company has a market capitalization of $431.08 million, a PE ratio of 14.59 and a beta of 1.42. ZipRecruiter, Inc. has a 12 month low of $1.65 and a 12 month high of $5.61. The firm’s 50-day moving average is $3.80 and its 200 day moving average is $2.98.

ZipRecruiter (NYSE:ZIP) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share (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. Sell-side analysts forecast that ZipRecruiter, Inc. will post 0.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen upgraded ZipRecruiter from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings upgraded ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday. UBS Group lifted their target price on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group upped their target price on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Thursday. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $4.38.

Institutional Inflows and Outflows

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