Ian Siegel Sells 9,722 Shares of ZipRecruiter (NYSE:ZIP) Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $4.55, for a total value of $44,235.10. Following the completion of the sale, the chief executive officer owned 30,647 shares of the company’s stock, valued at approximately $139,443.85. The trade was a 24.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Up 9.1%

NYSE ZIP opened at $5.11 on Friday. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $5.61. The business’s fifty day simple moving average is $3.80 and its 200-day simple moving average is $2.98. The firm has a market cap of $431.08 million, a PE ratio of 14.59 and a beta of 1.42.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.09. The firm had revenue of $107.55 million for the quarter. Research analysts expect that ZipRecruiter, Inc. will post -0.08 EPS for the current year.

Analyst Upgrades and Downgrades

ZIP has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of ZipRecruiter from a “hold” rating to a “buy” rating in a report on Saturday. The Goldman Sachs Group raised their price target on shares of ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Thursday. Weiss Ratings raised shares of ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday. Finally, UBS Group upped their price objective on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $4.38.

Institutional Investors Weigh In On ZipRecruiter

A number of institutional investors have recently made changes to their positions in the stock. Amundi acquired a new position in shares of ZipRecruiter in the 1st quarter worth approximately $70,000. AQR Capital Management LLC acquired a new stake in ZipRecruiter in the 1st quarter valued at approximately $133,000. Goldman Sachs Group Inc. increased its holdings in ZipRecruiter by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 374,650 shares of the company’s stock valued at $2,207,000 after purchasing an additional 35,256 shares during the last quarter. Acadian Asset Management LLC increased its holdings in ZipRecruiter by 59.7% in the 1st quarter. Acadian Asset Management LLC now owns 92,053 shares of the company’s stock valued at $540,000 after purchasing an additional 34,424 shares during the last quarter. Finally, Creative Planning raised its position in ZipRecruiter by 20.5% in the second quarter. Creative Planning now owns 29,838 shares of the company’s stock valued at $149,000 after purchasing an additional 5,069 shares during the period. 70.55% of the stock is currently owned by institutional investors and hedge funds.

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.