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

ZipRecruiter, Inc. (NYSE:ZIP)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.90 and traded as high as $3.97. ZipRecruiter shares last traded at $3.8650, with a volume of 480,534 shares.

Analysts Set New Price Targets

Several brokerages recently commented on ZIP. The Goldman Sachs Group lifted their target price on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research note on Monday, May 11th. UBS Group raised their price target on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Weiss Ratings upgraded shares of ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $4.00.

ZipRecruiter Price Performance

The stock has a market capitalization of $327.94 million, a PE ratio of -13.87 and a beta of 1.43. The company has a 50 day moving average price of $3.59 and a 200-day moving average price of $2.91.

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

Insider Transactions at ZipRecruiter

In related news, CEO Ian H. Siegel sold 9,722 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $3.90, for a total transaction of $37,915.80. Following the transaction, the chief executive officer owned 59,813 shares in the company, valued at $233,270.70. The trade was a 13.98% decrease in their ownership of the stock. The sale was disclosed in a 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 9,113 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $3.62, for a total transaction of $32,989.06. Following the completion of the transaction, the executive vice president directly owned 222,910 shares of the company’s stock, valued at approximately $806,934.20. The trade was a 3.93% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 123,299 shares of company stock valued at $399,550. Company insiders own 19.85% of the company’s stock.

Institutional Trading of ZipRecruiter

Several large investors have recently bought and sold shares of ZIP. Disciplined Growth Investors Inc. MN raised its position 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 ZipRecruiter by 3.4% in the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock worth $3,534,000 after purchasing an additional 62,900 shares during the period. Millennium Management LLC grew its stake in ZipRecruiter by 99.0% in the third quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock worth $6,316,000 after purchasing an additional 744,805 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in ZipRecruiter by 2.8% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,441,616 shares of the company’s stock worth $5,622,000 after purchasing an additional 38,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in ZipRecruiter by 5.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 803,229 shares of the company’s stock worth $3,133,000 after purchasing an additional 38,351 shares in the last quarter. 70.55% of the stock is owned by institutional investors.

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.