ZipRecruiter (NYSE:ZIP) EVP Sells $13,520.12 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 2,978 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $4.54, for a total transaction of $13,520.12. Following the transaction, the executive vice president owned 123,699 shares in the company, valued at approximately $561,593.46. This represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

ZIP opened at $4.39 on Friday. ZipRecruiter, Inc. has a 12 month low of $1.65 and a 12 month high of $5.61. The stock has a fifty day moving average price of $4.09 and a 200-day moving average price of $3.34.

ZipRecruiter (NYSE:ZIP) last announced its earnings results on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The firm had revenue of $118.06 million during the quarter. Analysts expect that ZipRecruiter, Inc. will post -0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group increased their price target on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group raised their price target on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Weiss Ratings upgraded ZipRecruiter from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of ZipRecruiter from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 24th. Four equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.17.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Militia Capital Management LLC purchased a new stake in shares of ZipRecruiter in the first quarter worth about $399,000. Readystate Asset Management LP acquired a new stake in ZipRecruiter during the first quarter worth about $347,000. Hsbc Holdings PLC grew its holdings in ZipRecruiter by 30.6% during the fourth quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock worth $808,000 after acquiring an additional 48,881 shares during the period. State of Wyoming raised its position in ZipRecruiter by 458.9% during the third quarter. State of Wyoming now owns 123,918 shares of the company’s stock valued at $435,000 after acquiring an additional 101,748 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in ZipRecruiter by 6.4% during the third quarter. Citizens Financial Group Inc. RI now owns 37,647 shares of the company’s stock valued at $132,000 after acquiring an additional 2,264 shares in the last quarter. 70.55% of the stock is currently owned by hedge funds and other institutional investors.

About ZipRecruiter

ZipRecruiter, Inc operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings across a broad network of online channels, while helping candidates search for available positions and apply for roles.

The company uses technology and matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are designed for businesses of various sizes, including small and midsize employers, as well as staffing firms and larger organizations.

ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Kinnear.