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

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $3.48, for a total transaction of $33,832.56. Following the sale, the chief executive officer directly owned 189,729 shares in the company, valued at approximately $660,256.92. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

NYSE:ZIP traded up $0.04 on Monday, reaching $3.58. 615,384 shares of the company’s stock were exchanged, compared to its average volume of 1,012,132. The firm has a market cap of $294.79 million, a price-to-earnings ratio of 10.24 and a beta of 1.55. The stock has a fifty day simple moving average of $4.16 and a 200-day simple moving average of $3.51. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $5.61.

ZipRecruiter (NYSE:ZIP) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.59. The business had revenue of $118.06 million during the quarter. As a group, sell-side analysts predict that ZipRecruiter, Inc. will post -0.26 EPS for the current year.

Institutional Investors Weigh In On ZipRecruiter

A number of institutional investors and hedge funds have recently bought and sold shares of ZIP. Caerus Investment Advisors LLC bought a new stake in ZipRecruiter during the first quarter valued at approximately $25,000. AXQ Capital LP bought a new position in shares of ZipRecruiter in the 2nd quarter worth $38,000. Militia Capital Management LLC bought a new position in shares of ZipRecruiter in the 1st quarter worth $134,000. Sei Investments Co. purchased a new stake in shares of ZipRecruiter during the 1st quarter valued at $140,000. Finally, Alpine Global Management LLC purchased a new stake in shares of ZipRecruiter during the 4th quarter valued at $169,000. 70.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZIP has been the subject of several recent research reports. UBS Group lifted their price target on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Wall Street Zen cut ZipRecruiter from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. Weiss Ratings upgraded ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. Finally, The Goldman Sachs Group lifted their target price on ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.17.

ZipRecruiter Company Profile

ZipRecruiter, Inc (NYSE: ZIP) operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings, reach candidates across a broad network of recruiting channels, and manage applications through digital tools.

The company’s services are designed to support the hiring process from job advertising through candidate engagement. Features have included automated candidate matching, applicant invitations, resume search and related recruiting tools, while job seekers can search for available positions, create profiles and apply for jobs through the platform.

ZipRecruiter was founded in 2010 and initially focused on helping small and midsize businesses distribute job postings more efficiently.