ZipRecruiter (NYSE:ZIP) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of ZipRecruiter, Inc. (NYSE:ZIP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.13 and traded as high as $3.67. ZipRecruiter shares last traded at $3.1150, with a volume of 503,328 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ZIP. Barclays lowered their target price on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group increased their target price on ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Monday, May 11th. UBS Group increased their target price on ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Weiss Ratings began coverage on ZipRecruiter in a report on Tuesday, April 7th. They issued a “sell (e+)” rating on the stock. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $3.75.

ZipRecruiter Stock Down 4.6%

The firm has a 50 day moving average price of $2.86 and a 200 day moving average price of $3.13. The stock has a market cap of $267.33 million, a P/E ratio of -11.31 and a beta of 1.49.

ZipRecruiter (NYSE:ZIP) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.09. The company had revenue of $107.55 million during the quarter. Equities analysts predict that ZipRecruiter, Inc. will post -0.05 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO David Travers sold 23,656 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $2.53, for a total transaction of $59,849.68. Following the completion of the sale, the chief financial officer owned 1,239,307 shares in the company, valued at approximately $3,135,446.71. This trade represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ian H. Siegel sold 34,364 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $2.57, for a total value of $88,315.48. Following the sale, the chief executive officer owned 226,702 shares of the company’s stock, valued at $582,624.14. This represents a 13.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 117,549 shares of company stock worth $302,115 in the last ninety days. Corporate insiders own 19.85% of the company’s stock.

Institutional Trading of ZipRecruiter

Institutional investors have recently made changes to their positions in the business. Caerus Investment Advisors LLC purchased a new stake in shares of ZipRecruiter during the first quarter worth about $25,000. Evoke Wealth LLC purchased a new stake in shares of ZipRecruiter during the fourth quarter worth about $40,000. nVerses Capital LLC purchased a new stake in shares of ZipRecruiter during the fourth quarter worth about $41,000. Quarry LP purchased a new stake in shares of ZipRecruiter during the third quarter worth about $42,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of ZipRecruiter during the fourth quarter worth about $43,000. Hedge funds and other 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.