ZipRecruiter, Inc. (NYSE:ZIP – Get Free Report) CFO David Travers sold 24,706 shares of ZipRecruiter stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $2.99, for a total value of $73,870.94. Following the completion of the sale, the chief financial officer directly owned 1,245,763 shares in the company, valued at $3,724,831.37. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Up 20.1%
NYSE:ZIP opened at $3.98 on Friday. The business’s 50-day moving average is $3.25 and its 200 day moving average is $2.99. ZipRecruiter, Inc. has a 12 month low of $1.65 and a 12 month high of $5.61. The company has a market capitalization of $335.53 million, a P/E ratio of -14.20 and a beta of 1.49.
ZipRecruiter (NYSE:ZIP – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.09. The firm had revenue of $107.55 million for the quarter. On average, research analysts forecast that ZipRecruiter, Inc. will post -0.08 earnings per share for the current year.
Hedge Funds Weigh In On ZipRecruiter
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on ZIP. Barclays decreased their price target on shares of ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. UBS Group boosted their target price on shares of ZipRecruiter from $2.50 to $3.50 and gave the stock a “neutral” rating in a report on Friday, May 8th. The Goldman Sachs Group upped their target price on shares of ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, Weiss Ratings began coverage on shares of ZipRecruiter in a report on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $3.75.
Check Out Our Latest Report on ZIP
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.
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