ZipRecruiter, Inc. (NYSE:ZIP – Get Free Report) EVP Ryan Sakamoto sold 2,978 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $4.54, for a total transaction of $13,520.12. Following the completion of the sale, the executive vice president directly owned 123,699 shares in the company, valued at $561,593.46. This represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
ZipRecruiter Stock Performance
ZipRecruiter stock traded down $0.07 during trading on Tuesday, reaching $4.46. The company had a trading volume of 472,766 shares, compared to its average volume of 979,926. ZipRecruiter, Inc. has a 12-month low of $1.65 and a 12-month high of $5.61. The stock’s 50 day moving average price is $4.13 and its two-hundred day moving average price is $3.33. The firm has a market capitalization of $366.33 million, a price-to-earnings ratio of 12.73 and a beta of 1.55.
ZipRecruiter (NYSE:ZIP – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The company had revenue of $118.06 million for the quarter. As a group, research analysts expect that ZipRecruiter, Inc. will post -0.26 earnings per share for the current year.
Wall Street Analysts Forecast Growth
ZIP has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Wall Street Zen upgraded ZipRecruiter from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings raised ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 26th. Finally, UBS Group boosted their price target on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Four research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.17.
Read Our Latest Report on ZipRecruiter
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of ZIP. Militia Capital Management LLC acquired a new position in ZipRecruiter during the first quarter valued at approximately $399,000. Readystate Asset Management LP purchased a new position in shares of ZipRecruiter in the 1st quarter valued at $347,000. Sei Investments Co. purchased a new position in shares of ZipRecruiter in the 1st quarter valued at $140,000. Public Employees Retirement System of Ohio purchased a new position in shares of ZipRecruiter in the 2nd quarter valued at $241,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of ZipRecruiter by 3.4% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 70.55% of the company’s stock.
About ZipRecruiter
ZipRecruiter, Inc operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings across a broad network of online channels, while helping candidates search for available positions and apply for roles.
The company uses technology and matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are designed for businesses of various sizes, including small and midsize employers, as well as staffing firms and larger organizations.
ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Kinnear.
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