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

ZipRecruiter, Inc. (NYSE:ZIP – Get Free Report) CEO Ian Siegel sold 9,722 shares of ZipRecruiter stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $3.59, for a total value of $34,901.98. Following the completion of the transaction, the chief executive officer owned 170,285 shares in the company, valued at $611,323.15. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Trading Up 1.0%

NYSE:ZIP traded up $0.04 during mid-day trading on Monday, hitting $3.58. 615,384 shares of the company’s stock traded hands, compared to its average volume of 1,012,132. The firm has a market capitalization of $294.79 million, a price-to-earnings ratio of 10.24 and a beta of 1.55. The firm has a 50 day moving average of $4.16 and a two-hundred day moving average of $3.51. ZipRecruiter, Inc. has a 12 month low of $1.65 and a 12 month high of $5.61.

ZipRecruiter (NYSE:ZIP – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.59. The business had revenue of $118.06 million during the quarter. As a group, equities research analysts expect that ZipRecruiter, Inc. will post -0.26 earnings per share for the current year.

Institutional Trading of ZipRecruiter

Several institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in ZipRecruiter by 3.4% in the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock valued at $3,534,000 after acquiring an additional 62,900 shares during the period. Varde Management L.P. lifted its stake in ZipRecruiter by 6.9% during the second quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock worth $1,393,000 after purchasing an additional 23,929 shares during the period. Militia Capital Management LLC acquired a new stake in ZipRecruiter during the first quarter valued at approximately $399,000. Hsbc Holdings PLC grew its stake in shares of ZipRecruiter by 30.6% in the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock valued at $808,000 after purchasing an additional 48,881 shares during the period. Finally, Readystate Asset Management LP bought a new stake in shares of ZipRecruiter in the 1st quarter valued at approximately $347,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of ZipRecruiter from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. The Goldman Sachs Group lifted their target price on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. UBS Group boosted their price target on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 26th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.17.

Read Our Latest Stock Report on ZIP

About ZipRecruiter

(Get Free Report)

ZipRecruiter, Inc (NYSE: ZIP) operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings, reach candidates across a broad network of recruiting channels, and manage applications through digital tools.

The company’s services are designed to support the hiring process from job advertising through candidate engagement. Features have included automated candidate matching, applicant invitations, resume search and related recruiting tools, while job seekers can search for available positions, create profiles and apply for jobs through the platform.

ZipRecruiter was founded in 2010 and initially focused on helping small and midsize businesses distribute job postings more efficiently.

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