ZipRecruiter (NYSE:ZIP) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

ZipRecruiter, Inc. (NYSE:ZIP)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.25 and traded as high as $3.94. ZipRecruiter shares last traded at $3.62, with a volume of 956,870 shares trading hands.

Wall Street Analyst Weigh In

ZIP has been the subject of a number of recent research reports. Weiss Ratings initiated coverage on shares of ZipRecruiter in a research note on Tuesday, April 7th. They set a “sell (e+)” rating for the company. Barclays decreased their price target on shares of ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. UBS Group boosted their price target on shares of ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, The Goldman Sachs Group boosted their price target on shares of ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Monday, May 11th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $3.75.

ZipRecruiter Stock Performance

The firm has a market cap of $296.70 million, a P/E ratio of -12.55 and a beta of 1.47. The stock’s 50 day simple moving average is $2.62 and its 200 day simple moving average is $3.25.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.09. The business had revenue of $107.55 million for the quarter. As a group, analysts forecast that ZipRecruiter, Inc. will post -0.05 EPS for the current fiscal year.

Insider Buying and Selling at ZipRecruiter

In other news, CFO David Travers sold 23,656 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $2.53, for a total value of $59,849.68. Following the completion of the sale, the chief financial officer owned 1,239,307 shares in the company, valued at $3,135,446.71. This represents a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ian H. Siegel sold 9,722 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $3.23, for a total transaction of $31,402.06. Following the completion of the sale, the chief executive officer owned 111,152 shares of the company’s stock, valued at approximately $359,020.96. The trade was a 8.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 117,613 shares of company stock valued at $298,626. Company insiders own 19.85% of the company’s stock.

Institutional Trading of ZipRecruiter

Several institutional investors have recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN grew its stake in shares of ZipRecruiter by 178.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock worth $22,587,000 after acquiring an additional 2,886,725 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of ZipRecruiter by 3.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock worth $3,534,000 after acquiring an additional 62,900 shares in the last quarter. Millennium Management LLC grew its stake in shares of ZipRecruiter by 99.0% in the 3rd quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock worth $6,316,000 after acquiring an additional 744,805 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of ZipRecruiter by 2.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,441,616 shares of the company’s stock worth $5,622,000 after acquiring an additional 38,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of ZipRecruiter by 5.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 803,229 shares of the company’s stock worth $3,133,000 after acquiring an additional 38,351 shares in the last quarter. Institutional investors own 70.55% of the company’s stock.

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.