ZipRecruiter (NYSE:ZIP) EVP Ryan Sakamoto Sells 2,978 Shares

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 2,978 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $4.39, for a total transaction of $13,073.42. Following the completion of the transaction, the executive vice president owned 119,112 shares in the company, valued at approximately $522,901.68. The trade was a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Down 1.1%

Shares of NYSE:ZIP opened at $4.30 on Thursday. The company has a market cap of $353.59 million, a PE ratio of 12.29 and a beta of 1.42. ZipRecruiter, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $5.61. The firm has a 50-day simple moving average of $4.14 and a 200 day simple moving average of $3.19.

ZipRecruiter (NYSE:ZIP) last issued its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The business had revenue of $118.06 million during the quarter. As a group, research analysts forecast that ZipRecruiter, Inc. will post 0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On ZipRecruiter

Hedge funds and other institutional investors have recently modified their holdings of the stock. Amundi acquired a new stake in ZipRecruiter during the 1st quarter worth about $70,000. AQR Capital Management LLC acquired a new position in shares of ZipRecruiter in the first quarter worth about $133,000. Goldman Sachs Group Inc. boosted its holdings in shares of ZipRecruiter by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 374,650 shares of the company’s stock worth $2,207,000 after buying an additional 35,256 shares during the period. Acadian Asset Management LLC increased its position in shares of ZipRecruiter by 59.7% in the first quarter. Acadian Asset Management LLC now owns 92,053 shares of the company’s stock worth $540,000 after acquiring an additional 34,424 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of ZipRecruiter by 20.5% during the second quarter. Creative Planning now owns 29,838 shares of the company’s stock valued at $149,000 after acquiring an additional 5,069 shares during the period. Institutional investors and hedge funds own 70.55% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ZIP. Weiss Ratings raised shares of ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. The Goldman Sachs Group lifted their target price on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. UBS Group boosted their price target on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Wall Street Zen upgraded shares of ZipRecruiter from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ZipRecruiter presently has an average rating of “Reduce” and an average price target of $4.17.

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.