ZipRecruiter (NYSE:ZIP) EVP Boris Shimanovsky Sells 30,000 Shares of Company Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Boris Shimanovsky sold 30,000 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $4.70, for a total transaction of $141,000.00. Following the sale, the executive vice president directly owned 408,975 shares of the company’s stock, valued at $1,922,182.50. This represents a 6.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Up 0.7%

Shares of NYSE:ZIP traded up $0.03 during midday trading on Friday, reaching $3.75. 851,281 shares of the company were exchanged, compared to its average volume of 604,966. The firm has a market cap of $307.95 million, a PE ratio of 10.70 and a beta of 1.54. ZipRecruiter, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $5.61. The stock has a fifty day simple moving average of $4.04 and a two-hundred day simple moving average of $3.38.

ZipRecruiter (NYSE:ZIP) last announced its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The company had revenue of $118.06 million during the quarter. As a group, analysts forecast that ZipRecruiter, Inc. will post -0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ZIP has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of ZipRecruiter from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 27th. Wall Street Zen cut shares of ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group lifted 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. Four investment analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.17.

Institutional Trading of ZipRecruiter

A number of institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in ZipRecruiter by 7.7% during the third quarter. Russell Investments Group Ltd. now owns 155,420 shares of the company’s stock worth $546,000 after buying an additional 11,112 shares in the last quarter. R Squared Ltd acquired a new position in ZipRecruiter in the 3rd quarter valued at $50,000. Ritholtz Wealth Management bought a new stake in shares of ZipRecruiter during the 3rd quarter valued at $39,000. State of Wyoming lifted its position in shares of ZipRecruiter by 458.9% during the 3rd quarter. State of Wyoming now owns 123,918 shares of the company’s stock valued at $435,000 after acquiring an additional 101,748 shares during the period. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of ZipRecruiter by 6.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 37,647 shares of the company’s stock worth $132,000 after purchasing an additional 2,264 shares in the last quarter. Institutional investors own 70.55% of the company’s stock.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings across a broad network of online channels, while helping candidates search for available positions and apply for roles.

The company uses technology and matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are designed for businesses of various sizes, including small and midsize employers, as well as staffing firms and larger organizations.

ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Kinnear.