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

ZipRecruiter, Inc. (NYSE:ZIP)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.95 and traded as high as $3.98. ZipRecruiter shares last traded at $3.9570, with a volume of 569,655 shares traded.

Analyst Upgrades and Downgrades

ZIP has been the subject of a number of research analyst reports. Weiss Ratings assumed coverage on ZipRecruiter in a research note on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. The Goldman Sachs Group upped their price target on ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, UBS Group increased their price objective on ZipRecruiter from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. 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.com, ZipRecruiter has a consensus rating of “Reduce” and a consensus price target of $3.88.

ZipRecruiter Price Performance

The stock’s 50 day simple moving average is $3.38 and its two-hundred day simple moving average is $2.95. The firm has a market cap of $334.01 million, a P/E ratio of -14.13 and a beta of 1.43.

ZipRecruiter (NYSE:ZIP) last issued 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 company had revenue of $107.55 million during the quarter. Equities research analysts anticipate that ZipRecruiter, Inc. will post -0.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Amy Garefis sold 9,113 shares of the firm’s stock in a transaction on 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 in the company, valued at $806,934.20. This trade represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, CFO David Travers sold 24,706 shares of ZipRecruiter stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $2.99, for a total value of $73,870.94. Following the completion of the transaction, the chief financial officer directly owned 1,245,763 shares of the company’s stock, valued at approximately $3,724,831.37. This represents a 1.94% decrease in their position. 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. Over the last three months, insiders have sold 116,555 shares of company stock valued at $352,023. 19.85% of the stock is currently owned by corporate insiders.

Institutional Trading of ZipRecruiter

Several institutional investors have recently bought and sold shares of ZIP. Amundi bought a new position in shares of ZipRecruiter in the first quarter worth approximately $70,000. AQR Capital Management LLC purchased a new stake in shares of ZipRecruiter during the first quarter valued at approximately $133,000. Goldman Sachs Group Inc. increased its position 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 in the last quarter. Acadian Asset Management LLC increased its position 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 in the last quarter. Finally, Creative Planning raised its holdings in ZipRecruiter by 20.5% in the 2nd quarter. Creative Planning now owns 29,838 shares of the company’s stock worth $149,000 after acquiring an additional 5,069 shares during the last quarter. 70.55% of the stock is owned by hedge funds and other 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.