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

Shares of ZipRecruiter, Inc. (NYSE:ZIP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.90 and traded as high as $3.97. ZipRecruiter shares last traded at $3.8650, with a volume of 480,534 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings raised ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. UBS Group raised their price objective on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their target price on shares of ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Monday, May 11th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, ZipRecruiter currently has an average rating of “Reduce” and a consensus price target of $4.00.

ZipRecruiter Price Performance

The stock has a market capitalization of $326.24 million, a price-to-earnings ratio of -13.80 and a beta of 1.43. The stock has a 50 day moving average price of $3.58 and a 200-day moving average price of $2.90.

ZipRecruiter (NYSE:ZIP) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.09. The firm had revenue of $107.55 million during the quarter. As a group, research analysts forecast that ZipRecruiter, Inc. will post -0.08 earnings per share for the current year.

Insider Transactions at ZipRecruiter

In other news, CEO Ian H. Siegel sold 9,722 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $3.90, for a total value of $37,915.80. Following the completion of the sale, the chief executive officer directly owned 59,813 shares in the company, valued at $233,270.70. This represents a 13.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Amy Garefis sold 9,113 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $3.62, for a total transaction of $32,989.06. Following the completion of the transaction, the executive vice president directly owned 222,910 shares in the company, valued at approximately $806,934.20. This represents a 3.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 123,299 shares of company stock valued at $399,550 over the last 90 days. 19.85% of the stock is currently owned by corporate insiders.

Institutional Trading of ZipRecruiter

A number of hedge funds have recently bought and sold shares of the business. Disciplined Growth Investors Inc. MN lifted its position in ZipRecruiter by 178.0% during the second quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock worth $22,587,000 after buying an additional 2,886,725 shares in the last quarter. Millennium Management LLC grew its holdings in ZipRecruiter by 99.0% in the 3rd quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock valued at $6,316,000 after buying an additional 744,805 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in ZipRecruiter by 63.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,402,698 shares of the company’s stock valued at $5,919,000 after buying an additional 542,795 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in shares of ZipRecruiter by 544.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 513,353 shares of the company’s stock worth $2,002,000 after acquiring an additional 433,727 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of ZipRecruiter by 197.4% in the 4th quarter. UBS Group AG now owns 645,157 shares of the company’s stock worth $2,516,000 after acquiring an additional 428,232 shares during the last quarter. Institutional investors and hedge funds own 70.55% of the company’s stock.

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.