ZipRecruiter (NYSE:ZIP) EVP Ryan Sakamoto Sells 3,547 Shares

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 3,547 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $3.91, for a total transaction of $13,868.77. Following the sale, the executive vice president owned 122,090 shares in the company, valued at approximately $477,371.90. The trade was a 2.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

ZIP opened at $4.26 on Wednesday. The company has a 50 day simple moving average of $3.62 and a two-hundred day simple moving average of $2.91. The firm has a market cap of $360.01 million, a P/E ratio of -15.23 and a beta of 1.43. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $5.61.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.09. The firm had revenue of $107.55 million for the quarter. Equities analysts anticipate that ZipRecruiter, Inc. will post -0.08 earnings per share for the current year.

Hedge Funds Weigh In On ZipRecruiter

Hedge funds have recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN grew its stake in ZipRecruiter by 178.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock valued at $22,587,000 after acquiring an additional 2,886,725 shares in the last quarter. Millennium Management LLC increased its holdings 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 acquiring an additional 744,805 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in ZipRecruiter by 63.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,402,698 shares of the company’s stock worth $5,919,000 after purchasing an additional 542,795 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in ZipRecruiter by 544.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 513,353 shares of the company’s stock worth $2,002,000 after purchasing an additional 433,727 shares in the last quarter. Finally, UBS Group AG lifted its stake in ZipRecruiter by 197.4% in the 4th quarter. UBS Group AG now owns 645,157 shares of the company’s stock worth $2,516,000 after purchasing an additional 428,232 shares in the last quarter. Hedge funds and other institutional investors own 70.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ZIP shares. Weiss Ratings raised 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 objective on ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, UBS Group increased their target price on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price 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.