ZipRecruiter (NYSE:ZIP) Shares Pass Above 200 Day Moving Average – Time to Sell?

ZipRecruiter, Inc. (NYSE:ZIP) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.10 and traded as high as $3.65. ZipRecruiter shares last traded at $3.6010, with a volume of 745,701 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ZIP shares. UBS Group lifted their target price on 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 lifted their target price on ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Monday, May 11th. Barclays cut their target price on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Finally, Weiss Ratings began coverage on ZipRecruiter in a research note on Tuesday, April 7th. They issued a “sell (e+)” rating on the stock. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $3.75.

ZipRecruiter Stock Performance

The company has a market capitalization of $303.97 million, a price-to-earnings ratio of -12.86 and a beta of 1.49. The business has a 50 day moving average price of $2.99 and a 200-day moving average price of $3.10.

ZipRecruiter (NYSE:ZIP) last announced 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 during the quarter. As a group, equities analysts predict that ZipRecruiter, Inc. will post -0.05 EPS for the current fiscal year.

Insider Transactions at ZipRecruiter

In other news, CEO Ian H. Siegel sold 34,364 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $2.57, for a total value of $88,315.48. Following the transaction, the chief executive officer directly owned 226,702 shares of the company’s stock, valued at $582,624.14. The trade was a 13.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David Travers sold 23,656 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $2.53, for a total value of $59,849.68. Following the completion of the sale, the chief financial officer directly owned 1,239,307 shares of the company’s stock, valued at $3,135,446.71. The trade was a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 117,549 shares of company stock worth $302,115 over the last three months. 19.85% of the stock is owned by company insiders.

Institutional Trading of ZipRecruiter

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd increased its position in ZipRecruiter by 11.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 28,229 shares of the company’s stock valued at $119,000 after buying an additional 2,824 shares in the last quarter. Jump Financial LLC increased its position in ZipRecruiter by 46.3% in the 2nd quarter. Jump Financial LLC now owns 15,403 shares of the company’s stock valued at $77,000 after buying an additional 4,872 shares in the last quarter. Legal & General Group Plc increased its position in ZipRecruiter by 7.5% in the 2nd quarter. Legal & General Group Plc now owns 70,861 shares of the company’s stock valued at $355,000 after buying an additional 4,922 shares in the last quarter. Creative Planning increased its position in ZipRecruiter by 20.5% in the 2nd quarter. Creative Planning now owns 29,838 shares of the company’s stock valued at $149,000 after buying an additional 5,069 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in ZipRecruiter by 15.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 44,786 shares of the company’s stock valued at $189,000 after buying an additional 6,109 shares in the last quarter. 70.55% of the stock is owned by institutional investors.

ZipRecruiter Company Profile

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.