Ian Siegel Sells 9,722 Shares of ZipRecruiter (NYSE:ZIP) Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $4.42, for a total value of $42,971.24. Following the sale, the chief executive officer directly owned 50,091 shares of the company’s stock, valued at approximately $221,402.22. This represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

Shares of ZIP opened at $5.11 on Friday. The stock has a market capitalization of $431.08 million, a P/E ratio of 14.59 and a beta of 1.42. The company’s fifty day moving average is $3.80 and its two-hundred day moving average is $2.98. ZipRecruiter, Inc. has a 1 year low of $1.65 and a 1 year high of $5.61.

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

Analyst Ratings Changes

ZIP has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday. The Goldman Sachs Group upped their price objective on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Thursday. Wall Street Zen upgraded ZipRecruiter from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group raised their target price on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $4.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZIP. Militia Capital Management LLC purchased a new position in ZipRecruiter in the first quarter valued at about $399,000. Caerus Investment Advisors LLC purchased a new stake in shares of ZipRecruiter during the 1st quarter worth approximately $25,000. Readystate Asset Management LP purchased a new stake in shares of ZipRecruiter during the 1st quarter worth approximately $347,000. Renaissance Technologies LLC boosted its stake in shares of ZipRecruiter by 3.4% during 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. Finally, Sei Investments Co. acquired a new stake in shares of ZipRecruiter in the 1st quarter worth approximately $140,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.

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.