Insider Selling: ZipRecruiter (NYSE:ZIP) EVP Sells $141,000.00 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Boris Shimanovsky sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $4.70, for a total value of $141,000.00. Following the transaction, the executive vice president owned 408,975 shares of the company’s stock, valued at approximately $1,922,182.50. This trade represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Trading Down 0.4%

ZIP opened at $3.75 on Monday. The business has a 50 day moving average of $4.04 and a 200-day moving average of $3.38. The stock has a market capitalization of $307.94 million, a price-to-earnings ratio of 10.70 and a beta of 1.54. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $5.61.

Institutional Investors Weigh In On ZipRecruiter

Several institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its stake in ZipRecruiter by 7.7% in the third quarter. Russell Investments Group Ltd. now owns 155,420 shares of the company’s stock valued at $546,000 after acquiring an additional 11,112 shares during the period. R Squared Ltd bought a new position in ZipRecruiter during the third quarter worth about $50,000. Ritholtz Wealth Management acquired a new stake in ZipRecruiter during the third quarter valued at approximately $39,000. State of Wyoming boosted its holdings 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 purchasing an additional 101,748 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its holdings 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 purchasing an additional 2,264 shares in the last quarter. Institutional investors own 70.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on ZIP shares. UBS Group increased their price target on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Weiss Ratings raised ZipRecruiter from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 27th. The Goldman Sachs Group boosted their price target on ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen cut ZipRecruiter from a “strong-buy” rating to a “buy” rating in a report on Saturday. Four equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently 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 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.