ZipRecruiter, Inc. $ZIP Shares Purchased by UBS Group AG

UBS Group AG boosted its position in ZipRecruiter, Inc. (NYSE:ZIP) by 197.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 645,157 shares of the company’s stock after purchasing an additional 428,232 shares during the quarter. UBS Group AG’s holdings in ZipRecruiter were worth $2,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN lifted its position in shares of ZipRecruiter by 178.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock valued at $22,587,000 after acquiring an additional 2,886,725 shares during the last quarter. Millennium Management LLC lifted its position in shares of ZipRecruiter by 99.0% during the 3rd quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock valued at $6,316,000 after acquiring an additional 744,805 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of ZipRecruiter by 63.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,402,698 shares of the company’s stock valued at $5,919,000 after acquiring an additional 542,795 shares during the last quarter. Jane Street Group LLC lifted its position in shares of ZipRecruiter by 90.0% during the 2nd quarter. Jane Street Group LLC now owns 459,213 shares of the company’s stock valued at $2,301,000 after acquiring an additional 217,495 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of ZipRecruiter by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 374,650 shares of the company’s stock valued at $2,207,000 after acquiring an additional 35,256 shares during the last quarter. Institutional investors and hedge funds own 70.55% of the company’s stock.

Insiders Place Their Bets

In other news, CFO David Travers sold 23,656 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $2.53, for a total value of $59,849.68. Following the transaction, the chief financial officer directly owned 1,239,307 shares of the company’s stock, valued at approximately $3,135,446.71. This represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ian H. Siegel sold 34,364 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $2.57, for a total transaction of $88,315.48. Following the completion of the transaction, the chief executive officer directly owned 226,702 shares in the company, valued at $582,624.14. This trade represents a 13.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 114,635 shares of company stock worth $292,878 over the last ninety days. 19.85% of the stock is currently owned by company insiders.

ZipRecruiter Trading Up 1.0%

NYSE ZIP opened at $3.18 on Wednesday. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $6.55. The company has a market capitalization of $268.42 million, a PE ratio of -11.36 and a beta of 1.47. The firm’s fifty day simple moving average is $2.69 and its 200-day simple moving average is $3.18.

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 company had revenue of $107.55 million during the quarter. As a group, analysts predict that ZipRecruiter, Inc. will post -0.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ZIP shares. Barclays cut their price objective on 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 started coverage on ZipRecruiter in a research report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. The Goldman Sachs Group increased their price objective on ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, UBS Group increased their price objective on ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $3.75.

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.