ZipRecruiter (NYSE:ZIP) CEO 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 that occurred on Thursday, May 7th. The shares were sold at an average price of $3.23, for a total value of $31,402.06. Following the completion of the sale, the chief executive officer owned 111,152 shares in the company, valued at approximately $359,020.96. This represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

Shares of ZIP stock traded down $0.01 during trading hours on Thursday, hitting $3.11. The company had a trading volume of 1,179,001 shares, compared to its average volume of 1,239,859. ZipRecruiter, Inc. has a 12 month low of $1.65 and a 12 month high of $6.55. The firm has a market capitalization of $262.85 million, a price-to-earnings ratio of -8.90 and a beta of 1.47. The firm’s fifty day moving average is $2.43 and its 200 day moving average is $3.28.

ZipRecruiter (NYSE:ZIP) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.09. The company had revenue of $107.55 million during the quarter. On average, sell-side analysts expect that ZipRecruiter, Inc. will post -0.16 EPS for the current fiscal year.

Analyst Ratings Changes

ZIP has been the topic of a number of research analyst reports. Weiss Ratings initiated coverage on ZipRecruiter in a research report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. UBS Group decreased their price target on ZipRecruiter from $4.50 to $2.50 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Finally, Barclays decreased their price target on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $4.00.

Hedge Funds Weigh In On ZipRecruiter

A number of large investors have recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN lifted its position in shares of ZipRecruiter by 178.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock worth $22,587,000 after purchasing an additional 2,886,725 shares in the last quarter. Renaissance Technologies LLC boosted its position in ZipRecruiter by 2.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,858,000 shares of the company’s stock valued at $7,246,000 after buying an additional 47,600 shares during the last quarter. Millennium Management LLC boosted its position in ZipRecruiter by 99.0% in the 3rd quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock valued at $6,316,000 after buying an additional 744,805 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in ZipRecruiter by 2.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,441,616 shares of the company’s stock valued at $5,622,000 after buying an additional 38,918 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in ZipRecruiter by 5.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 803,229 shares of the company’s stock valued at $3,133,000 after buying an additional 38,351 shares during the last quarter. 70.55% of the stock is currently owned by institutional investors and hedge funds.

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.