ZipRecruiter (NYSE:ZIP) CEO Sells $37,915.80 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $3.90, for a total value of $37,915.80. Following the transaction, the chief executive officer owned 59,813 shares in the company, valued at $233,270.70. The trade was a 13.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

ZIP stock opened at $3.87 on Friday. The company has a market capitalization of $326.24 million, a P/E ratio of -13.80 and a beta of 1.43. The business has a 50-day moving average price of $3.48 and a 200 day moving average price of $2.92. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $5.61.

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

Wall Street Analysts Forecast Growth

ZIP has been the subject of a number of research analyst reports. UBS Group raised their price target on shares of ZipRecruiter from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Weiss Ratings reissued a “sell (e+)” rating on shares of ZipRecruiter in a research report on Monday. Finally, The Goldman Sachs Group raised their target price on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Monday, May 11th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ZipRecruiter currently has an average rating of “Reduce” and a consensus price target of $3.88.

Institutional Trading of ZipRecruiter

Several institutional investors have recently modified their holdings of ZIP. Caerus Investment Advisors LLC acquired a new position in shares of ZipRecruiter during the 1st quarter worth about $25,000. Evoke Wealth LLC acquired a new stake in ZipRecruiter during the 4th quarter worth $40,000. nVerses Capital LLC purchased a new stake in ZipRecruiter during the 4th quarter valued at about $41,000. Quarry LP acquired a new stake in shares of ZipRecruiter in the third quarter valued at approximately $42,000. Finally, Kemnay Advisory Services Inc. purchased a new position in ZipRecruiter during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

About ZipRecruiter

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.