Insider Selling: ZipRecruiter (NYSE:ZIP) EVP Sells $13,073.42 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 2,978 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $4.39, for a total value of $13,073.42. Following the completion of the transaction, the executive vice president directly owned 119,112 shares in the company, valued at $522,901.68. This represents a 2.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

Shares of NYSE:ZIP opened at $4.44 on Friday. ZipRecruiter, Inc. has a one year low of $1.65 and a one year high of $5.61. The stock has a fifty day moving average of $4.20 and a 200-day moving average of $3.22. The company has a market capitalization of $365.10 million, a PE ratio of 12.69 and a beta of 1.42.

ZipRecruiter (NYSE:ZIP) last issued its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The company had revenue of $118.06 million during the quarter. As a group, research analysts forecast that ZipRecruiter, Inc. will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in ZipRecruiter in the 3rd quarter valued at approximately $42,000. AXQ Capital LP acquired a new stake in shares of ZipRecruiter during the 2nd quarter valued at $38,000. Evoke Wealth LLC purchased a new position in shares of ZipRecruiter during the 4th quarter valued at $40,000. nVerses Capital LLC purchased a new position in shares of ZipRecruiter during the 4th quarter valued at $41,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of ZipRecruiter during the 3rd quarter valued at $44,000. 70.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZIP has been the topic of several recent analyst reports. Wall Street Zen upgraded ZipRecruiter from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. UBS Group raised their target price on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Weiss Ratings raised shares of ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their price target on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, ZipRecruiter presently has a consensus rating of “Hold” and an average price target of $4.17.

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.