Insider Selling: ZipRecruiter (NYSE:ZIP) CEO Sells $29,263.22 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $3.01, for a total transaction of $29,263.22. Following the completion of the sale, the chief executive officer directly owned 98,701 shares in the company, valued at approximately $297,090.01. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Trading Up 20.1%

Shares of ZIP opened at $3.98 on Friday. ZipRecruiter, Inc. has a twelve month low of $1.65 and a twelve month high of $5.61. The firm’s fifty day simple moving average is $3.25 and its 200-day simple moving average is $2.99. The firm has a market capitalization of $335.53 million, a price-to-earnings ratio of -14.20 and a beta of 1.49.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Barclays decreased their target price on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Weiss Ratings initiated coverage on shares of ZipRecruiter in a research note on Tuesday, April 7th. They issued a “sell (e+)” rating on the stock. Finally, UBS Group increased their price target on shares of ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $3.75.

Hedge Funds Weigh In On ZipRecruiter

Several large investors have recently bought and sold shares of the stock. Caerus Investment Advisors LLC purchased a new position in shares of ZipRecruiter during the first quarter worth about $25,000. Evoke Wealth LLC purchased a new stake in shares of ZipRecruiter in the 4th quarter valued at about $40,000. nVerses Capital LLC purchased a new stake in shares of ZipRecruiter in the 4th quarter valued at about $41,000. Quarry LP acquired a new stake in shares of ZipRecruiter in the 3rd quarter valued at about $42,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of ZipRecruiter in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

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.