ZipRecruiter (NYSE:ZIP) CEO Sells $44,235.10 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $4.55, for a total transaction of $44,235.10. Following the sale, the chief executive officer owned 30,647 shares of the company’s stock, valued at $139,443.85. This trade represents a 24.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Trading Up 9.1%

ZIP opened at $5.11 on Friday. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $5.61. The company has a market cap of $431.08 million, a price-to-earnings ratio of 14.59 and a beta of 1.42. The company’s fifty day moving average price is $3.80 and its two-hundred day moving average price is $2.98.

ZipRecruiter (NYSE:ZIP) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.09. The business had revenue of $107.55 million for the quarter. As a group, equities analysts forecast that ZipRecruiter, Inc. will post 0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen raised ZipRecruiter from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group upped their price target on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Weiss Ratings raised ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday. Finally, The Goldman Sachs Group upped their target price on shares of ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $4.38.

Institutional Trading of ZipRecruiter

Hedge funds have recently bought and sold shares of the business. Amundi purchased a new position in ZipRecruiter in the first quarter worth $70,000. AQR Capital Management LLC bought a new stake in shares of ZipRecruiter during the 1st quarter worth $133,000. Goldman Sachs Group Inc. boosted its holdings in shares of ZipRecruiter by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 374,650 shares of the company’s stock worth $2,207,000 after buying an additional 35,256 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of ZipRecruiter by 59.7% in the 1st quarter. Acadian Asset Management LLC now owns 92,053 shares of the company’s stock worth $540,000 after buying an additional 34,424 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of ZipRecruiter by 20.5% in the 2nd quarter. Creative Planning now owns 29,838 shares of the company’s stock worth $149,000 after buying an additional 5,069 shares during the last quarter. 70.55% of the stock is currently owned by institutional investors.

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.