ZipRecruiter (NYSE:ZIP) President David Travers Sells 24,705 Shares

ZipRecruiter, Inc. (NYSE:ZIP) President David Travers sold 24,705 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $3.66, for a total transaction of $90,420.30. Following the transaction, the president owned 1,252,219 shares in the company, valued at $4,583,121.54. This represents a 1.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Trading Down 4.3%

ZIP traded down $0.17 during trading on Tuesday, hitting $3.71. 596,943 shares of the company traded hands, compared to its average volume of 915,034. The company has a market cap of $305.48 million, a PE ratio of 10.61 and a beta of 1.44. The stock’s 50-day simple moving average is $4.25 and its two-hundred day simple moving average is $3.46. ZipRecruiter, Inc. has a 1 year low of $1.65 and a 1 year high of $5.61.

ZipRecruiter (NYSE:ZIP) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 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. Equities analysts expect that ZipRecruiter, Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On ZipRecruiter

A number of large investors have recently modified their holdings of ZIP. AXQ Capital LP acquired a new stake in ZipRecruiter in the 2nd quarter valued at $38,000. Evoke Wealth LLC purchased a new stake in ZipRecruiter during the 4th quarter worth $40,000. Caerus Investment Advisors LLC acquired a new position in shares of ZipRecruiter in the first quarter worth about $25,000. Alpine Global Management LLC acquired a new stake in shares of ZipRecruiter during the fourth quarter worth approximately $169,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in ZipRecruiter in the second quarter valued at $241,000. 70.55% of the stock is currently owned by hedge funds and other institutional investors.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects employers with job seekers. Its platform allows businesses of various sizes to create and distribute job postings, manage applicants and communicate with candidates, while helping job seekers search for employment opportunities and apply for positions.

The company uses technology and data-driven matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are delivered primarily through its website and mobile applications, with tools designed to streamline recruiting, applicant management and hiring workflows.

ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Redd.