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

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $3.09, for a total transaction of $30,040.98. Following the completion of the transaction, the chief executive officer owned 130,596 shares of the company’s stock, valued at $403,541.64. This trade represents a 6.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

ZipRecruiter stock traded down $0.01 during mid-day trading on Thursday, hitting $3.11. The company’s stock had a trading volume of 1,179,001 shares, compared to its average volume of 1,239,859. The stock has a market cap of $262.85 million, a price-to-earnings ratio of -8.90 and a beta of 1.47. The business has a 50 day moving average price of $2.43 and a 200-day moving average price of $3.28. ZipRecruiter, Inc. has a 12 month low of $1.65 and a 12 month high of $6.55.

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 the consensus estimate of ($0.15) by $0.09. The business had revenue of $107.55 million during the quarter. On average, equities research analysts expect that ZipRecruiter, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on ZIP shares. Weiss Ratings started coverage on shares of ZipRecruiter in a research note on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. UBS Group lowered their price target on shares of ZipRecruiter from $4.50 to $2.50 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Finally, Barclays lowered 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. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ZipRecruiter currently has an average rating of “Reduce” and an average price target of $4.00.

Hedge Funds Weigh In On ZipRecruiter

Several hedge funds and other institutional investors have recently modified their holdings of ZIP. Amundi bought a new position in shares of ZipRecruiter during the first quarter valued at about $70,000. AQR Capital Management LLC bought a new position in shares of ZipRecruiter during the first quarter valued at about $133,000. Goldman Sachs Group Inc. raised its stake in shares of ZipRecruiter by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 374,650 shares of the company’s stock valued at $2,207,000 after acquiring an additional 35,256 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of ZipRecruiter by 59.7% during the first quarter. Acadian Asset Management LLC now owns 92,053 shares of the company’s stock valued at $540,000 after acquiring an additional 34,424 shares during the last quarter. Finally, Creative Planning raised its stake in shares of ZipRecruiter by 20.5% during the second quarter. Creative Planning now owns 29,838 shares of the company’s stock valued at $149,000 after acquiring an additional 5,069 shares during the last quarter. 70.55% of the stock is owned by institutional investors.

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.