ZipRecruiter (NYSE:ZIP) EVP Ryan Sakamoto Sells 3,547 Shares

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 3,547 shares of ZipRecruiter stock in a transaction on Friday, July 24th. The shares were sold at an average price of $3.91, for a total value of $13,868.77. Following the completion of the sale, the executive vice president owned 122,090 shares in the company, valued at $477,371.90. This represents a 2.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Up 6.5%

NYSE:ZIP traded up $0.28 during midday trading on Tuesday, reaching $4.53. The stock had a trading volume of 418,371 shares, compared to its average volume of 1,040,646. ZipRecruiter, Inc. has a 12-month low of $1.65 and a 12-month high of $5.61. The stock has a market cap of $381.97 million, a P/E ratio of -16.12 and a beta of 1.43. The firm has a fifty day simple moving average of $3.61 and a two-hundred day simple moving average of $2.91.

ZipRecruiter (NYSE:ZIP) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.09. The business had revenue of $107.55 million during the quarter. On average, sell-side analysts anticipate that ZipRecruiter, Inc. will post -0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ZIP shares. The Goldman Sachs Group raised their price target on ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Monday, May 11th. Weiss Ratings raised ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 20th. Finally, UBS Group increased their target price on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, ZipRecruiter has a consensus rating of “Reduce” and a consensus price target of $4.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Caerus Investment Advisors LLC bought a new stake in ZipRecruiter during the first quarter worth about $25,000. Evoke Wealth LLC purchased a new stake in shares of ZipRecruiter in the fourth quarter worth $40,000. nVerses Capital LLC bought a new position in shares of ZipRecruiter during the 4th quarter valued at $41,000. Quarry LP purchased a new stake in ZipRecruiter in the third quarter worth $42,000. Finally, Kemnay Advisory Services Inc. bought a new stake in ZipRecruiter in the fourth quarter worth $43,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

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.