Insider Selling: ZipRecruiter (NYSE:ZIP) CEO Sells $104,934.00 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 34,978 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $3.00, for a total value of $104,934.00. Following the transaction, the chief executive officer directly owned 108,423 shares of the company’s stock, valued at approximately $325,269. This trade represents a 24.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

ZIP opened at $3.98 on Friday. ZipRecruiter, Inc. has a 12 month low of $1.65 and a 12 month high of $5.61. The stock has a market capitalization of $335.53 million, a P/E ratio of -14.20 and a beta of 1.49. The business has a 50 day simple moving average of $3.25 and a 200-day simple moving average of $2.99.

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

Wall Street Analysts Forecast Growth

ZIP has been the subject of a number of research analyst reports. Barclays cut their price target on shares of ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. UBS Group upped their target price on shares of ZipRecruiter from $2.50 to $3.50 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings began coverage on shares of ZipRecruiter in a report on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. Finally, The Goldman Sachs Group lifted their price target on shares of ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $3.75.

Institutional Trading of ZipRecruiter

Several large investors have recently bought and sold shares of ZIP. Disciplined Growth Investors Inc. MN raised its stake in shares of ZipRecruiter by 178.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock worth $22,587,000 after buying an additional 2,886,725 shares during the last quarter. Renaissance Technologies LLC grew its stake in 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 acquiring an additional 62,900 shares during the last quarter. Millennium Management LLC grew its stake in ZipRecruiter by 99.0% in the 3rd quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock valued at $6,316,000 after acquiring an additional 744,805 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in ZipRecruiter by 2.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,441,616 shares of the company’s stock valued at $5,622,000 after acquiring an additional 38,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in ZipRecruiter by 5.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 803,229 shares of the company’s stock valued at $3,133,000 after acquiring an additional 38,351 shares in the last quarter. Institutional investors and hedge funds own 70.55% of the company’s stock.

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.