ZipRecruiter (NYSE:ZIP) CEO Sells $37,915.80 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of ZipRecruiter stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $3.90, for a total transaction of $37,915.80. Following the completion of the transaction, the chief executive officer directly owned 59,813 shares of the company’s stock, valued at approximately $233,270.70. This trade represents a 13.98% decrease in their position. The sale 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 Stock Performance

NYSE:ZIP traded down $0.01 during mid-day trading on Wednesday, hitting $3.92. The stock had a trading volume of 428,348 shares, compared to its average volume of 1,107,794. ZipRecruiter, Inc. has a twelve month low of $1.65 and a twelve month high of $5.61. The stock has a market cap of $330.47 million, a price-to-earnings ratio of -13.98 and a beta of 1.43. The company’s 50 day simple moving average is $3.42 and its 200 day simple moving average is $2.92.

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 the consensus estimate of ($0.15) by $0.09. The business had revenue of $107.55 million during the quarter. As a group, equities analysts forecast that ZipRecruiter, Inc. will post -0.08 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ZIP. UBS Group increased their price objective on shares of ZipRecruiter from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. The Goldman Sachs Group increased their price target on shares of ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of ZipRecruiter in a report on Monday. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ZipRecruiter currently has a consensus rating of “Reduce” and a consensus price target of $3.88.

Hedge Funds Weigh In On ZipRecruiter

A number of hedge funds have recently bought and sold shares of the business. Amundi acquired a new stake in ZipRecruiter in the 1st quarter worth about $70,000. AQR Capital Management LLC bought a new position in shares of ZipRecruiter during the first quarter worth approximately $133,000. Goldman Sachs Group Inc. raised its position 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 valued at $2,207,000 after buying an additional 35,256 shares in the last quarter. Acadian Asset Management LLC boosted 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 valued at $540,000 after buying an additional 34,424 shares during the period. Finally, Creative Planning grew its position in ZipRecruiter by 20.5% during the second quarter. Creative Planning now owns 29,838 shares of the company’s stock worth $149,000 after buying an additional 5,069 shares in the last quarter. 70.55% of the stock is owned by institutional investors.

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.