ZipRecruiter (NYSE:ZIP) Announces Quarterly Earnings Results

ZipRecruiter (NYSE:ZIP) posted its quarterly earnings results on Wednesday. The company reported $0.53 earnings per share for the quarter, FiscalAI reports. The business had revenue of $118.06 million during the quarter.

ZipRecruiter Price Performance

Shares of ZIP traded down $0.23 during mid-day trading on Wednesday, reaching $4.26. 640,158 shares of the company’s stock were exchanged, compared to its average volume of 1,030,562. The business’s fifty day simple moving average is $3.72 and its 200-day simple moving average is $2.95. The stock has a market capitalization of $360.01 million, a PE ratio of -15.23 and a beta of 1.42. ZipRecruiter has a 52-week low of $1.65 and a 52-week high of $5.61.

Insider Transactions at ZipRecruiter

In related news, EVP Amy Garefis sold 7,983 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $3.95, for a total value of $31,532.85. Following the transaction, the executive vice president owned 214,927 shares in the company, valued at $848,961.65. The trade was a 3.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Travers sold 24,706 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $2.99, for a total value of $73,870.94. Following the completion of the transaction, the chief financial officer directly owned 1,245,763 shares in the company, valued at approximately $3,724,831.37. The trade was a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 125,107 shares of company stock worth $414,911. Company insiders own 19.85% of the company’s stock.

Institutional Investors Weigh In On ZipRecruiter

Hedge funds have recently added to or reduced their stakes in the company. UBS Group AG boosted its stake in shares of 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 buying an additional 428,232 shares in the last quarter. Militia Capital Management LLC purchased a new stake in shares of ZipRecruiter during the 1st quarter worth $399,000. Readystate Asset Management LP acquired a new position in shares of ZipRecruiter during the 1st quarter worth $347,000. Caerus Investment Advisors LLC acquired a new position in shares of ZipRecruiter during the 1st quarter worth $25,000. Finally, Alpine Global Management LLC purchased a new position in shares of ZipRecruiter in the 4th quarter valued at about $169,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

Wall Street Analyst Weigh In

ZIP has been the topic of a number of recent analyst reports. Weiss Ratings upgraded ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 20th. The Goldman Sachs Group upped their price target on ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, UBS Group increased their price target on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $4.00.

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.