David Travers Sells 24,706 Shares of ZipRecruiter (NYSE:ZIP) Stock

ZipRecruiter, Inc. (NYSE:ZIP) CFO David Travers sold 24,706 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $2.99, for a total value of $73,870.94. Following the completion of the sale, the chief financial officer directly owned 1,245,763 shares of the company’s stock, valued at $3,724,831.37. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

NYSE:ZIP opened at $3.28 on Thursday. ZipRecruiter, Inc. has a 1 year low of $1.65 and a 1 year high of $5.61. The stock has a fifty day moving average price of $3.22 and a two-hundred day moving average price of $3.00. The stock has a market capitalization of $277.20 million, a price-to-earnings ratio of -11.73 and a beta of 1.49.

ZipRecruiter (NYSE:ZIP) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09. The company had revenue of $107.55 million for the quarter. On average, analysts predict that ZipRecruiter, Inc. will post -0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Barclays reduced their target price on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. The Goldman Sachs Group upped their price objective 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. Weiss Ratings initiated coverage on shares of ZipRecruiter in a report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. Finally, UBS Group raised their target price on shares of ZipRecruiter from $2.50 to $3.50 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $3.75.

Institutional Investors Weigh In On ZipRecruiter

Several hedge funds and other institutional investors have recently modified their holdings of ZIP. Caerus Investment Advisors LLC acquired a new stake in shares of ZipRecruiter in the first quarter valued at approximately $25,000. Evoke Wealth LLC bought a new position in ZipRecruiter in the 4th quarter worth approximately $40,000. nVerses Capital LLC bought a new position in ZipRecruiter in the 4th quarter worth approximately $41,000. Quarry LP acquired a new stake in ZipRecruiter in the 3rd quarter valued at approximately $42,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in ZipRecruiter in the 4th quarter valued at approximately $43,000. Institutional investors own 70.55% of the company’s stock.

About ZipRecruiter

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.