Readystate Asset Management LP Purchases New Shares in ZipRecruiter, Inc. $ZIP

Readystate Asset Management LP acquired a new position in shares of ZipRecruiter, Inc. (NYSE:ZIP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 188,393 shares of the company’s stock, valued at approximately $347,000. Readystate Asset Management LP owned about 0.22% of ZipRecruiter as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZIP. UBS Group AG lifted its position in shares of ZipRecruiter by 197.4% during the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock worth $2,516,000 after purchasing an additional 428,232 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of ZipRecruiter in the first quarter valued at approximately $140,000. Renaissance Technologies LLC increased its holdings 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 in the last quarter. Militia Capital Management LLC bought a new position in ZipRecruiter in the 1st quarter worth approximately $134,000. Finally, Hsbc Holdings PLC raised its position in ZipRecruiter by 30.6% in the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock worth $808,000 after purchasing an additional 48,881 shares during the last quarter. Institutional investors and hedge funds own 70.55% of the company’s stock.

Insiders Place Their Bets

In other ZipRecruiter news, CFO David Travers sold 24,706 shares of ZipRecruiter stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $2.99, for a total transaction of $73,870.94. Following the completion of the sale, the chief financial officer owned 1,245,763 shares of the company’s stock, valued at approximately $3,724,831.37. The trade was a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ian H. Siegel sold 9,722 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $3.90, for a total transaction of $37,915.80. Following the sale, the chief executive officer owned 59,813 shares of the company’s stock, valued at $233,270.70. The trade was a 13.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 134,829 shares of company stock valued at $444,952. Company insiders own 19.85% of the company’s stock.

ZipRecruiter Trading Down 2.9%

Shares of NYSE ZIP opened at $4.15 on Thursday. ZipRecruiter, Inc. has a 1 year low of $1.65 and a 1 year high of $5.61. The firm’s 50-day moving average is $3.64 and its 200-day moving average is $2.92. The firm has a market capitalization of $350.13 million, a PE ratio of -14.81 and a beta of 1.43.

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 business had revenue of $107.55 million for the quarter. As a group, equities research analysts anticipate that ZipRecruiter, Inc. will post -0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Monday, May 11th. Weiss Ratings upgraded ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 20th. Finally, UBS Group boosted their target price on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $4.00.

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.