Ryan Sakamoto Sells 3,547 Shares of ZipRecruiter (NYSE:ZIP) Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 3,547 shares of ZipRecruiter stock in a transaction on Friday, July 24th. The shares were sold at an average price of $3.91, for a total value of $13,868.77. Following the sale, the executive vice president directly owned 122,090 shares in the company, valued at $477,371.90. The trade was a 2.82% decrease in their position. The sale was disclosed in a filing 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

Shares of ZIP stock opened at $4.15 on Thursday. ZipRecruiter, Inc. has a 1 year low of $1.65 and a 1 year high of $5.61. The firm has a market capitalization of $350.13 million, a PE ratio of -14.81 and a beta of 1.43. The stock has a fifty day moving average of $3.64 and a two-hundred day moving average of $2.92.

ZipRecruiter (NYSE:ZIP) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.09. The business had revenue of $107.55 million for the quarter. Equities research analysts predict that ZipRecruiter, Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Trading of ZipRecruiter

Several institutional investors have recently modified their holdings of ZIP. Militia Capital Management LLC bought a new position in ZipRecruiter during the first quarter valued at about $399,000. Caerus Investment Advisors LLC bought a new stake in ZipRecruiter in the first quarter worth about $25,000. Readystate Asset Management LP bought a new stake in ZipRecruiter in the first quarter worth about $347,000. Renaissance Technologies LLC lifted its holdings in ZipRecruiter by 3.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock valued at $3,534,000 after acquiring an additional 62,900 shares during the last quarter. Finally, Sei Investments Co. acquired a new stake in ZipRecruiter in the 1st quarter valued at about $140,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ZIP. The Goldman Sachs Group boosted their price target on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report on Monday, May 11th. UBS Group increased their price objective on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 20th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $4.00.

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.