David Travers Sells 24,706 Shares of ZipRecruiter (NYSE:ZIP) Stock

ZipRecruiter, Inc. (NYSE:ZIP) CFO David Travers sold 24,706 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $2.99, for a total transaction of $73,870.94. Following the transaction, the chief financial officer owned 1,245,763 shares in the company, valued at approximately $3,724,831.37. This trade represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Trading Up 6.3%

NYSE:ZIP traded up $0.19 during trading hours on Tuesday, reaching $3.20. The company had a trading volume of 837,871 shares, compared to its average volume of 616,317. The firm has a market cap of $270.11 million, a price-to-earnings ratio of -11.43 and a beta of 1.49. The firm’s 50 day moving average price is $3.20 and its 200-day moving average price is $3.01. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $5.61.

ZipRecruiter (NYSE:ZIP) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09. The firm had revenue of $107.55 million during the quarter. On average, analysts forecast 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 issued reports on ZIP shares. Barclays cut their price target 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 report on Tuesday, April 7th. They issued a “sell (e+)” rating on the stock. UBS Group boosted their target price on shares of ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group upped their target price on shares of ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Monday, May 11th. Four 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, ZipRecruiter currently has an average rating of “Reduce” and a consensus target price of $3.75.

Hedge Funds Weigh In On ZipRecruiter

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Disciplined Growth Investors Inc. MN increased its holdings in ZipRecruiter by 178.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock worth $22,587,000 after acquiring an additional 2,886,725 shares in the last quarter. Millennium Management LLC lifted its holdings in ZipRecruiter by 99.0% during the third quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock valued at $6,316,000 after purchasing an additional 744,805 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of ZipRecruiter by 63.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,402,698 shares of the company’s stock worth $5,919,000 after purchasing an additional 542,795 shares during the period. Tudor Investment Corp ET AL boosted its position in shares of ZipRecruiter by 544.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 513,353 shares of the company’s stock worth $2,002,000 after purchasing an additional 433,727 shares during the period. Finally, UBS Group AG increased 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 worth $2,516,000 after purchasing an additional 428,232 shares in the last quarter. 70.55% of the stock is currently owned by hedge funds and other institutional investors.

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.