ZipRecruiter (NYSE:ZIP) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

ZipRecruiter, Inc. (NYSE:ZIP)’s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $3.69 and traded as high as $4.64. ZipRecruiter shares last traded at $4.5650, with a volume of 832,994 shares.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZIP. Wall Street Zen cut shares of ZipRecruiter from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. Weiss Ratings raised shares of ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 26th. The Goldman Sachs Group lifted their price target on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, UBS Group lifted 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.17.

ZipRecruiter Stock Performance

The firm’s 50 day moving average price is $4.12 and its two-hundred day moving average price is $3.72.

ZipRecruiter (NYSE:ZIP) last issued its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.59. The firm had revenue of $118.06 million during the quarter. Research analysts predict that ZipRecruiter, Inc. will post -0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at ZipRecruiter

In other news, President David Travers sold 24,705 shares of ZipRecruiter stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $3.66, for a total transaction of $90,420.30. Following the completion of the transaction, the president directly owned 1,252,219 shares in the company, valued at approximately $4,583,121.54. The trade was a 1.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ian H. Siegel sold 9,722 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $3.59, for a total value of $34,901.98. Following the transaction, the chief executive officer directly owned 170,285 shares in the company, valued at $611,323.15. The trade was a 5.40% 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. Insiders have sold 141,331 shares of company stock worth $554,986 over the last 90 days. Company insiders own 19.85% of the company’s stock.

Institutional Investors Weigh In On ZipRecruiter

Large investors have recently added to or reduced their stakes in the business. AXQ Capital LP bought a new position in ZipRecruiter during the second quarter worth $38,000. Caerus Investment Advisors LLC acquired a new position in shares of ZipRecruiter in the first quarter valued at $25,000. Varde Management L.P. increased its holdings in shares of 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 purchasing an additional 23,929 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of ZipRecruiter by 30.6% in the fourth quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock valued at $808,000 after purchasing an additional 48,881 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of ZipRecruiter by 3.4% in the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock valued at $3,534,000 after purchasing an additional 62,900 shares during the period. Institutional investors own 70.55% of the company’s stock.

ZipRecruiter Company Profile

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.