Ryan Sakamoto Sells 2,978 Shares of ZipRecruiter (NYSE:ZIP) Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 2,978 shares of ZipRecruiter stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $4.39, for a total value of $13,073.42. Following the sale, the executive vice president directly owned 119,112 shares of the company’s stock, valued at $522,901.68. This represents a 2.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Down 0.8%

Shares of NYSE ZIP opened at $4.28 on Friday. The firm has a market capitalization of $351.62 million, a P/E ratio of 12.22 and a beta of 1.42. The stock’s 50-day simple moving average is $4.17 and its two-hundred day simple moving average is $3.21. ZipRecruiter, Inc. has a twelve month low of $1.65 and a twelve month high of $5.61.

ZipRecruiter (NYSE:ZIP) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.59. The business had revenue of $118.06 million for the quarter. As a group, research analysts anticipate that ZipRecruiter, Inc. will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ZIP. Militia Capital Management LLC bought a new position in shares of ZipRecruiter in the first quarter worth approximately $399,000. UBS Group AG boosted its holdings in ZipRecruiter by 197.4% in the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock valued at $2,516,000 after acquiring an additional 428,232 shares in the last quarter. Readystate Asset Management LP purchased a new position in ZipRecruiter during the 1st quarter valued at $347,000. Sei Investments Co. purchased a new position in ZipRecruiter during the 1st quarter valued at $140,000. Finally, Renaissance Technologies LLC raised its holdings in ZipRecruiter by 3.4% in the 1st 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 in the last quarter. 70.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ZIP. UBS Group boosted their price target on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of ZipRecruiter from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased their target price on ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.17.

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.