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

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $3.95, for a total value of $38,401.90. Following the completion of the transaction, the chief executive officer owned 79,257 shares in the company, valued at $313,065.15. This trade represents a 10.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

ZipRecruiter stock traded down $0.01 during mid-day trading on Wednesday, reaching $3.92. 428,348 shares of the company were exchanged, compared to its average volume of 1,107,794. ZipRecruiter, Inc. has a twelve month low of $1.65 and a twelve month high of $5.61. The firm’s 50-day simple moving average is $3.42 and its two-hundred day simple moving average is $2.92. The firm has a market cap of $330.47 million, a PE ratio of -13.98 and a beta of 1.43.

ZipRecruiter (NYSE:ZIP) last released its earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.09. The company had revenue of $107.55 million during the quarter. As a group, equities research analysts anticipate that ZipRecruiter, Inc. will post -0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ZIP. The Goldman Sachs Group raised their target price on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of ZipRecruiter in a report on Monday. Finally, UBS Group raised their price objective on shares of ZipRecruiter from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ZipRecruiter currently has an average rating of “Reduce” and an average price target of $3.88.

Institutional Investors Weigh In On ZipRecruiter

Several institutional investors have recently modified their holdings of the company. Amundi acquired a new position in ZipRecruiter during the first quarter worth $70,000. AQR Capital Management LLC acquired a new position in ZipRecruiter during the first quarter worth about $133,000. Goldman Sachs Group Inc. grew its position in shares of ZipRecruiter by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 374,650 shares of the company’s stock valued at $2,207,000 after purchasing an additional 35,256 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of ZipRecruiter by 59.7% during the 1st quarter. Acadian Asset Management LLC now owns 92,053 shares of the company’s stock worth $540,000 after purchasing an additional 34,424 shares during the last quarter. Finally, Creative Planning lifted its stake in ZipRecruiter by 20.5% in the 2nd quarter. Creative Planning now owns 29,838 shares of the company’s stock valued at $149,000 after buying an additional 5,069 shares in the last quarter. 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.