ZipRecruiter (NYSE:ZIP) EVP Sells $10,393.22 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 2,978 shares of the business’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $3.49, for a total value of $10,393.22. Following the completion of the transaction, the executive vice president directly owned 126,677 shares in the company, valued at approximately $442,102.73. This represents a 2.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Trading Down 1.0%

Shares of ZipRecruiter stock traded down $0.04 during trading on Monday, reaching $3.48. The company’s stock had a trading volume of 568,406 shares, compared to its average volume of 1,024,054. The stock has a 50-day moving average price of $4.22 and a two-hundred day moving average price of $3.48. ZipRecruiter, Inc. has a one year low of $1.65 and a one year high of $5.61. The stock has a market capitalization of $285.75 million, a P/E ratio of 9.93 and a beta of 1.44.

ZipRecruiter (NYSE:ZIP) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.59. The company had revenue of $118.06 million during the quarter. As a group, sell-side analysts anticipate that ZipRecruiter, Inc. will post 0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on ZIP shares. Weiss Ratings upgraded ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 26th. Wall Street Zen downgraded ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research report on Sunday. UBS Group upped 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. Finally, The Goldman Sachs Group raised their price target on ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in ZipRecruiter by 3.4% during the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock valued at $3,534,000 after purchasing an additional 62,900 shares during the period. Varde Management L.P. increased its position in shares of ZipRecruiter by 6.9% in the 2nd quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock valued at $1,393,000 after buying an additional 23,929 shares in the last quarter. Militia Capital Management LLC acquired a new stake in ZipRecruiter during the 1st quarter worth $399,000. Hsbc Holdings PLC raised its stake in ZipRecruiter by 30.6% during the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock worth $808,000 after buying an additional 48,881 shares during the period. Finally, Readystate Asset Management LP bought a new position in ZipRecruiter during the first quarter worth about $347,000. Institutional investors own 70.55% of the company’s stock.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects employers with job seekers. Its platform allows businesses of various sizes to create and distribute job postings, manage applicants and communicate with candidates, while helping job seekers search for employment opportunities and apply for positions.

The company uses technology and data-driven matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are delivered primarily through its website and mobile applications, with tools designed to streamline recruiting, applicant management and hiring workflows.

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