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

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $2.07, for a total value of $20,124.54. Following the sale, the chief executive officer directly owned 140,318 shares in the company, valued at approximately $290,458.26. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Down 1.3%

NYSE:ZIP opened at $1.96 on Thursday. The business’s 50-day simple moving average is $2.17 and its two-hundred day simple moving average is $3.49. The stock has a market cap of $165.02 million, a PE ratio of -5.59 and a beta of 1.07. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $6.55.

Institutional Investors Weigh In On ZipRecruiter

Several large investors have recently added to or reduced their stakes in ZIP. Disciplined Growth Investors Inc. MN boosted its position in shares of ZipRecruiter by 178.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock valued at $22,587,000 after buying an additional 2,886,725 shares during the period. Millennium Management LLC boosted its position in shares of ZipRecruiter by 99.0% during the third quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock valued at $6,316,000 after buying an additional 744,805 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of ZipRecruiter by 63.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,402,698 shares of the company’s stock valued at $5,919,000 after buying an additional 542,795 shares during the period. Tudor Investment Corp ET AL boosted its position in shares of ZipRecruiter by 544.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 513,353 shares of the company’s stock valued at $2,002,000 after buying an additional 433,727 shares during the period. Finally, UBS Group AG boosted its position in shares of ZipRecruiter by 197.4% during the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock valued at $2,516,000 after buying an additional 428,232 shares during the period. 70.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

ZIP has been the topic of several research reports. UBS Group reduced their target price on ZipRecruiter from $4.50 to $2.50 and set a “neutral” rating on the stock in a report on Thursday, February 26th. Barclays reduced 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. Finally, Weiss Ratings initiated coverage on ZipRecruiter in a report on Tuesday. They issued a “sell (e+)” rating on the stock. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $4.00.

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.