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

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $3.90, for a total transaction of $37,915.80. Following the completion of the sale, the chief executive officer directly owned 59,813 shares of the company’s stock, valued at $233,270.70. This trade represents a 13.98% decrease in their ownership of the stock. The transaction 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 Trading Up 0.7%

NYSE ZIP opened at $3.92 on Friday. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $5.61. The firm’s fifty day simple moving average is $3.46 and its 200-day simple moving average is $2.91. The company has a market capitalization of $330.55 million, a PE ratio of -13.99 and a beta of 1.43.

ZipRecruiter (NYSE:ZIP) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.09. The business had revenue of $107.55 million for the quarter. As a group, analysts predict that ZipRecruiter, Inc. will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ZIP. UBS Group AG raised its stake in shares of ZipRecruiter by 197.4% in the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock valued at $2,516,000 after acquiring an additional 428,232 shares during the last quarter. Militia Capital Management LLC bought a new stake in ZipRecruiter during the 1st quarter worth approximately $399,000. Caerus Investment Advisors LLC bought a new stake in ZipRecruiter during the 1st quarter worth approximately $25,000. Hsbc Holdings PLC grew its position in ZipRecruiter by 30.6% during the 4th 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. Finally, Alpine Global Management LLC acquired a new stake in ZipRecruiter during the 4th quarter valued at $169,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on ZIP. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZipRecruiter in a report on Monday. The Goldman Sachs Group upped their price target on ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, UBS Group raised their price objective on shares of ZipRecruiter from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $3.88.

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.