Insider Selling: ZipRecruiter (NYSE:ZIP) EVP Sells $11,495.08 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 2,978 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $3.86, for a total transaction of $11,495.08. Following the completion of the transaction, the executive vice president owned 125,637 shares of the company’s stock, valued at approximately $484,958.82. This trade represents a 2.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

ZipRecruiter stock opened at $3.94 on Monday. The stock has a market capitalization of $332.24 million, a PE ratio of -14.06 and a beta of 1.49. The business has a 50 day simple moving average of $3.27 and a 200-day simple moving average of $2.98. ZipRecruiter, Inc. has a 12 month low of $1.65 and a 12 month high of $5.61.

ZipRecruiter (NYSE:ZIP) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.09. The company had revenue of $107.55 million for the quarter. On average, equities research analysts anticipate that ZipRecruiter, Inc. will post -0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On ZipRecruiter

Large investors have recently added to or reduced their stakes in the business. Militia Capital Management LLC purchased a new stake in shares of ZipRecruiter during the first quarter worth approximately $399,000. Caerus Investment Advisors LLC purchased a new position in ZipRecruiter in the first quarter worth approximately $25,000. Readystate Asset Management LP purchased a new position in ZipRecruiter in the first quarter worth approximately $347,000. Renaissance Technologies LLC grew its holdings in ZipRecruiter by 3.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock worth $3,534,000 after acquiring an additional 62,900 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in ZipRecruiter during the 1st quarter worth approximately $140,000. 70.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ZIP. Weiss Ratings assumed coverage on ZipRecruiter in a report on Tuesday, April 7th. They issued a “sell (e+)” rating on the stock. The Goldman Sachs Group raised their target price on ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, UBS Group upped their price target on ZipRecruiter from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Friday. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ZipRecruiter presently has an average rating of “Reduce” and an average target price of $3.88.

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.