Insider Selling: ZipRecruiter (NYSE:ZIP) CEO Sells 9,722 Shares of Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of ZipRecruiter stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $3.01, for a total value of $29,263.22. Following the sale, the chief executive officer directly owned 98,701 shares of the company’s stock, valued at $297,090.01. This represents a 8.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Up 6.3%

Shares of ZipRecruiter stock traded up $0.19 during trading on Tuesday, reaching $3.20. The company’s stock had a trading volume of 837,871 shares, compared to its average volume of 616,317. The business’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. The firm has a market cap of $270.11 million, a PE ratio of -11.43 and a beta of 1.49.

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

Hedge Funds Weigh In On ZipRecruiter

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG increased its stake in ZipRecruiter by 197.4% in the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock valued at $2,516,000 after acquiring an additional 428,232 shares during the last quarter. nVerses Capital LLC bought a new stake in ZipRecruiter during the fourth quarter worth $41,000. Renaissance Technologies LLC boosted its holdings in shares of ZipRecruiter by 3.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock valued at $3,534,000 after purchasing an additional 62,900 shares in the last quarter. Militia Capital Management LLC bought a new position in shares of ZipRecruiter in the 1st quarter valued at $399,000. Finally, Alpine Global Management LLC acquired a new position in shares of ZipRecruiter during the 4th quarter worth $169,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Barclays reduced their price target 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 upped their target price on ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a research report on Monday, May 11th. Weiss Ratings began coverage on ZipRecruiter in a report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. Finally, UBS Group raised their price target on ZipRecruiter from $2.50 to $3.50 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $3.75.

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.