ZipRecruiter (NYSE:ZIP) CEO Ian Siegel Sells 9,722 Shares of Stock

ZipRecruiter, Inc. (NYSE:ZIPGet Free Report) CEO Ian Siegel sold 9,722 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $3.80, for a total transaction of $36,943.60. Following the completion of the sale, the chief executive officer directly owned 209,173 shares of the company’s stock, valued at approximately $794,857.40. This trade represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Trading Down 4.3%

ZIP traded down $0.17 during trading on Tuesday, hitting $3.71. 596,943 shares of the company traded hands, compared to its average volume of 915,034. The stock’s 50-day simple moving average is $4.25 and its two-hundred day simple moving average is $3.46. 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 $305.48 million, a PE ratio of 10.61 and a beta of 1.44.

ZipRecruiter (NYSE:ZIPGet Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.59. The company had revenue of $118.06 million for the quarter. Equities analysts expect that ZipRecruiter, Inc. will post 0.16 EPS for the current year.

Hedge Funds Weigh In On ZipRecruiter

Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG increased its position in ZipRecruiter by 197.4% during the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock worth $2,516,000 after buying an additional 428,232 shares during the period. Militia Capital Management LLC acquired a new stake in ZipRecruiter in the first quarter valued at $399,000. Readystate Asset Management LP acquired a new stake in shares of ZipRecruiter in the first quarter valued at approximately $347,000. Sei Investments Co. purchased a new stake in ZipRecruiter during the 1st quarter worth about $140,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in ZipRecruiter during the second quarter worth approximately $241,000. 70.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZIP has been the topic of a number of research reports. Wall Street Zen raised ZipRecruiter from a “buy” rating to a “strong-buy” rating in a report on Saturday. UBS Group boosted their price objective on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group upped their price target on shares of ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings raised shares of ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. 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.

Check Out Our Latest Analysis on ZipRecruiter

ZipRecruiter Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for ZipRecruiter (NYSE:ZIP)

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