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

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $3.09, for a total transaction of $30,040.98. Following the completion of the transaction, the chief executive officer owned 130,596 shares of the company’s stock, valued at approximately $403,541.64. The trade was a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

ZIP opened at $3.60 on Friday. The firm has a market cap of $303.46 million, a P/E ratio of -12.84 and a beta of 1.47. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $6.55. The company has a 50 day simple moving average of $2.43 and a two-hundred day simple moving average of $3.28.

ZipRecruiter (NYSE:ZIP) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09. The firm had revenue of $107.55 million during the quarter. Equities analysts anticipate that ZipRecruiter, Inc. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On ZipRecruiter

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC boosted its position in shares of ZipRecruiter by 30.6% during the fourth quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock worth $808,000 after acquiring an additional 48,881 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of ZipRecruiter during the fourth quarter worth $169,000. Invesco Ltd. boosted its position in shares of ZipRecruiter by 25.4% during the fourth quarter. Invesco Ltd. now owns 168,211 shares of the company’s stock worth $656,000 after acquiring an additional 34,095 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of ZipRecruiter by 101.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 21,151 shares of the company’s stock worth $82,000 after acquiring an additional 10,657 shares during the last quarter. Finally, Sunstone Asset Management L.P. bought a new position in shares of ZipRecruiter during the fourth quarter worth $151,000. Institutional investors own 70.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ZIP. Barclays dropped their price target on shares of ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Weiss Ratings began coverage on shares of ZipRecruiter in a research report on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. Finally, UBS Group upped their price target on shares of ZipRecruiter from $2.50 to $3.50 and gave the stock a “neutral” rating in a research report on Friday. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, ZipRecruiter currently has an average rating of “Reduce” and an average price target of $4.25.

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.