ZipRecruiter (NYSE:ZIP) Stock Crosses Above 200-Day Moving Average – Time to Sell?

ZipRecruiter, Inc. (NYSE:ZIP) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.90 and traded as high as $4.23. ZipRecruiter shares last traded at $4.1750, with a volume of 472,706 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ZIP. UBS Group boosted their target price on ZipRecruiter from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Weiss Ratings restated a “sell (e+)” rating on shares of ZipRecruiter in a research note on Monday, July 6th. Finally, The Goldman Sachs Group upped their price target on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ZipRecruiter presently has an average rating of “Reduce” and a consensus target price of $3.88.

ZipRecruiter Stock Performance

The stock has a market capitalization of $352.41 million, a PE ratio of -14.91 and a beta of 1.43. The company’s fifty day simple moving average is $3.54 and its two-hundred day simple moving average is $2.90.

ZipRecruiter (NYSE:ZIP) last posted its earnings results 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 company had revenue of $107.55 million during the quarter. Sell-side analysts forecast that ZipRecruiter, Inc. will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling at ZipRecruiter

In other ZipRecruiter news, CFO David Travers sold 24,706 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $2.99, for a total transaction of $73,870.94. Following the completion of the sale, the chief financial officer directly owned 1,245,763 shares in the company, valued at $3,724,831.37. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ian H. Siegel sold 34,978 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $3.00, for a total transaction of $104,934.00. Following the completion of the transaction, the chief executive officer directly owned 108,423 shares in the company, valued at approximately $325,269. This represents a 24.39% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 126,277 shares of company stock valued at $408,216 over the last ninety days. Corporate insiders own 19.85% of the company’s stock.

Institutional Investors Weigh In On ZipRecruiter

Several hedge funds have recently modified their holdings of the stock. Amundi acquired a new stake in ZipRecruiter in the first quarter valued at approximately $70,000. AQR Capital Management LLC acquired a new stake in ZipRecruiter during the 1st quarter valued at $133,000. Goldman Sachs Group Inc. increased its stake in ZipRecruiter by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 374,650 shares of the company’s stock worth $2,207,000 after buying an additional 35,256 shares during the period. Acadian Asset Management LLC lifted its holdings in ZipRecruiter by 59.7% in the 1st quarter. Acadian Asset Management LLC now owns 92,053 shares of the company’s stock worth $540,000 after buying an additional 34,424 shares in the last quarter. Finally, Creative Planning boosted 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 during the last quarter. 70.55% of the stock is currently owned by hedge funds and other institutional investors.

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.