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

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

ZipRecruiter Stock Performance

ZIP opened at $3.28 on Thursday. The firm has a market cap of $277.20 million, a price-to-earnings ratio of -11.73 and a beta of 1.49. ZipRecruiter, Inc. has a twelve month low of $1.65 and a twelve month high of $5.61. The firm’s 50-day simple moving average is $3.22 and its 200-day simple moving average is $3.00.

ZipRecruiter (NYSE:ZIP) last announced its earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.09. The business had revenue of $107.55 million for the quarter. As a group, sell-side analysts anticipate that ZipRecruiter, Inc. will post -0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ZIP. Barclays lowered their price objective on shares of ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company 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 company a “neutral” rating in a research note on Monday, May 11th. UBS Group raised their price target on shares of ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Weiss Ratings assumed coverage on shares of ZipRecruiter in a research report on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $3.75.

Institutional Trading of ZipRecruiter

A number of institutional investors have recently bought and sold shares of ZIP. Militia Capital Management LLC bought a new stake in shares of ZipRecruiter during the 1st quarter valued at $399,000. Caerus Investment Advisors LLC bought a new position in shares of ZipRecruiter in the 1st quarter worth $25,000. Readystate Asset Management LP acquired a new stake in shares of ZipRecruiter during the first quarter worth $347,000. Renaissance Technologies LLC grew its stake in shares of ZipRecruiter by 3.4% during the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock worth $3,534,000 after purchasing an additional 62,900 shares during the period. Finally, Sei Investments Co. bought a new stake in ZipRecruiter in the first quarter valued at about $140,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

ZipRecruiter Company Profile

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.