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

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 2,978 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $3.86, for a total transaction of $11,495.08. Following the completion of the sale, the executive vice president directly owned 125,637 shares in the company, valued at approximately $484,958.82. This trade represents a 2.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

Shares of ZipRecruiter stock traded down $0.03 during trading hours on Friday, reaching $3.94. The company had a trading volume of 3,273,623 shares, compared to its average volume of 1,137,799. The firm has a market cap of $332.24 million, a PE ratio of -14.06 and a beta of 1.49. ZipRecruiter, Inc. has a one year low of $1.65 and a one year high of $5.61. The business has a fifty day simple moving average of $3.27 and a 200 day simple moving average of $3.00.

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, beating analysts’ consensus estimates of ($0.15) by $0.09. The company had revenue of $107.55 million for the quarter. On average, research analysts forecast that ZipRecruiter, Inc. will post -0.08 EPS for the current year.

Institutional Trading of ZipRecruiter

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Amundi purchased a new position in shares of ZipRecruiter during the first quarter valued at approximately $70,000. AQR Capital Management LLC bought a new stake in ZipRecruiter in the first quarter worth $133,000. Goldman Sachs Group Inc. boosted its holdings in 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 acquiring an additional 35,256 shares in the last quarter. Acadian Asset Management LLC grew its stake 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 during the last quarter. Finally, Creative Planning grew its stake in shares of ZipRecruiter by 20.5% in the second quarter. Creative Planning now owns 29,838 shares of the company’s stock worth $149,000 after acquiring an additional 5,069 shares during the last quarter. 70.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays lowered their price objective on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. The Goldman Sachs Group increased their price target on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Monday, May 11th. Weiss Ratings started coverage on shares of ZipRecruiter in a report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. Finally, UBS Group increased their target price on ZipRecruiter from $3.50 to $4.00 and gave the company a “neutral” rating in a report on Friday. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ZipRecruiter has a consensus rating of “Reduce” and a consensus target price 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.