ZipRecruiter (NYSE:ZIP) EVP Sells 30,000 Shares of Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Boris Shimanovsky sold 30,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $4.70, for a total transaction of $141,000.00. Following the completion of the sale, the executive vice president directly owned 408,975 shares in the company, valued at approximately $1,922,182.50. This trade represents a 6.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Trading Up 0.7%

Shares of ZIP stock traded up $0.03 during mid-day trading on Friday, reaching $3.75. The stock had a trading volume of 851,281 shares, compared to its average volume of 969,434. The stock’s 50-day moving average price is $4.05 and its two-hundred day moving average price is $3.37. ZipRecruiter, Inc. has a 52-week low of $1.65 and a 52-week high of $5.61. The firm has a market capitalization of $307.94 million, a PE ratio of 10.70 and a beta of 1.54.

ZipRecruiter (NYSE:ZIP) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.59. The firm had revenue of $118.06 million for the quarter. On average, equities research analysts forecast that ZipRecruiter, Inc. will post -0.26 earnings per share for the current year.

Analyst Ratings Changes

ZIP has been the topic of a number of research analyst reports. UBS Group boosted their price target on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded ZipRecruiter from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 24th. The Goldman Sachs Group increased their price objective on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded ZipRecruiter from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 27th. Four investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.17.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. AXQ Capital LP bought a new position in ZipRecruiter in the 2nd quarter worth $38,000. Ritholtz Wealth Management purchased a new stake in shares of ZipRecruiter in the 3rd quarter worth about $39,000. Caerus Investment Advisors LLC purchased a new stake in shares of ZipRecruiter in the 1st quarter worth about $25,000. R Squared Ltd purchased a new stake in shares of ZipRecruiter in the 3rd quarter worth about $50,000. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of ZipRecruiter by 6.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 37,647 shares of the company’s stock valued at $132,000 after purchasing an additional 2,264 shares in the last quarter. 70.55% of the stock is owned by hedge funds and other institutional investors.

About ZipRecruiter

ZipRecruiter, Inc operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings across a broad network of online channels, while helping candidates search for available positions and apply for roles.

The company uses technology and matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are designed for businesses of various sizes, including small and midsize employers, as well as staffing firms and larger organizations.

ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Kinnear.