ZipRecruiter (NYSE:ZIP) EVP Boris Shimanovsky Sells 67,937 Shares of Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Boris Shimanovsky sold 67,937 shares of the firm’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $5.56, for a total value of $377,729.72. Following the sale, the executive vice president directly owned 341,038 shares of the company’s stock, valued at $1,896,171.28. This represents a 16.61% decrease in their position. 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 Stock Down 4.5%

ZIP stock opened at $5.65 on Friday. ZipRecruiter, Inc. has a one year low of $1.65 and a one year high of $6.72. The company has a fifty day moving average price of $4.15 and a two-hundred day moving average price of $3.44.

ZipRecruiter (NYSE:ZIP) last issued its quarterly earnings data on Monday, November 9th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.17. The company had revenue of $124.44 million during the quarter. Research analysts forecast that ZipRecruiter, Inc. will post -0.01 EPS for the current year.

Trending Headlines about ZipRecruiter

Here are a few of the latest headlines about ZIP:

• Positive Sentiment: Zacks upgraded ZipRecruiter to Rank #1 (Strong Buy), citing improving earnings prospects. The report also points to solid earnings-estimate revisions as a possible near-term catalyst. ZipRecruiter upgraded to Strong Buy
• Positive Sentiment: Reports said the shares reached a fresh 12-month high following strong earnings; UBS Group was also reported to expect further gains. Shares reach a 12-month high UBS analyst outlook
• Negative Sentiment: EVP Boris Shimanovsky sold 67,937 shares, reducing his direct holdings by 16.61%. The sale was executed through a pre-arranged Rule 10b5-1 plan, which may temper concerns that it reflects a new view of the company. SEC filing for insider sale

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings downgraded shares of ZipRecruiter from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. UBS Group upped their target price on ZipRecruiter from $4.50 to $5.00 and gave the company a “neutral” rating in a research report on Tuesday. Wall Street Zen lowered ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 7th. Finally, The Goldman Sachs Group increased their target price on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.33.

Hedge Funds Weigh In On ZipRecruiter

Several institutional investors and hedge funds have recently modified their holdings of ZIP. Focus Advisor Solutions LLC bought a new position in shares of ZipRecruiter during the third quarter worth approximately $43,000. Royce & Associates LP acquired a new stake in shares of ZipRecruiter in the third quarter valued at approximately $61,000. Russell Investments Group Ltd. raised its position in shares of 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 buying an additional 11,112 shares in the last quarter. R Squared Ltd bought a new stake in shares of ZipRecruiter in the third quarter valued at approximately $50,000. Finally, Ritholtz Wealth Management bought a new stake in shares of ZipRecruiter in the third quarter valued at approximately $39,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.

ZipRecruiter Company Profile

ZipRecruiter, Inc. operates an online employment marketplace that connects businesses with job seekers. Employers can create and manage job listings, while candidates can search and apply for openings through the company’s website and mobile applications. The platform uses technology to match job seekers with relevant opportunities and help employers identify potential candidates. Its services include tools for posting jobs, managing applications, and finding or inviting candidates to apply. Founded in 2010, ZipRecruiter is headquartered in Santa Monica, California, and primarily serves employers and job seekers in the United States, with operations also serving select international markets.