ZipRecruiter (NYSE:ZIP) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

ZipRecruiter, Inc. (NYSE:ZIP)’s share price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $3.57 and traded as high as $4.36. ZipRecruiter shares last traded at $4.2350, with a volume of 414,482 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ZIP. Wall Street Zen downgraded shares of ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 27th. Weiss Ratings raised ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. UBS Group increased 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. Finally, The Goldman Sachs Group upped their price target on shares of ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Four research 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.

ZipRecruiter Stock Performance

The firm has a market cap of $361.57 million, a PE ratio of 12.56 and a beta of 1.55. The firm has a fifty day simple moving average of $4.15 and a two-hundred day simple moving average of $3.59.

ZipRecruiter (NYSE:ZIP) last posted its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The business had revenue of $118.06 million during the quarter. Equities analysts forecast that ZipRecruiter, Inc. will post -0.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ian Siegel sold 9,722 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $3.59, for a total transaction of $34,901.98. Following the completion of the transaction, the chief executive officer owned 170,285 shares in the company, valued at $611,323.15. The trade was a 5.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Amy Garefis sold 7,837 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $3.80, for a total transaction of $29,780.60. Following the completion of the sale, the executive vice president directly owned 210,603 shares of the company’s stock, valued at approximately $800,291.40. This trade represents a 3.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 141,435 shares of company stock valued at $550,591. Insiders own 19.85% of the company’s stock.

Hedge Funds Weigh In On ZipRecruiter

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Varde Management L.P. lifted its stake in ZipRecruiter by 6.9% in the second quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock valued at $1,393,000 after acquiring an additional 23,929 shares during the last quarter. AXQ Capital LP acquired a new stake in ZipRecruiter during the 2nd quarter valued at $38,000. Public Employees Retirement System of Ohio bought a new position in shares of ZipRecruiter in the second quarter valued at about $241,000. Militia Capital Management LLC acquired a new position in shares of ZipRecruiter in the first quarter valued at approximately $399,000. Finally, Caerus Investment Advisors LLC acquired a new stake in ZipRecruiter during the 1st quarter worth approximately $25,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

About ZipRecruiter

ZipRecruiter, Inc (NYSE: ZIP) operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings, reach candidates across a broad network of recruiting channels, and manage applications through digital tools.

The company’s services are designed to support the hiring process from job advertising through candidate engagement. Features have included automated candidate matching, applicant invitations, resume search and related recruiting tools, while job seekers can search for available positions, create profiles and apply for jobs through the platform.

ZipRecruiter was founded in 2010 and initially focused on helping small and midsize businesses distribute job postings more efficiently.