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

Shares of ZipRecruiter, Inc. (NYSE:ZIP) passed 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 Analyst Weigh In

ZIP has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Weiss Ratings initiated coverage on ZipRecruiter in a research report on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. Barclays reduced their price objective on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Finally, UBS Group raised their price objective on ZipRecruiter from $2.50 to $3.50 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ZipRecruiter currently has an average rating of “Reduce” and a consensus price target of $3.75.

ZipRecruiter Trading Up 1.1%

The stock has a fifty day moving average of $3.03 and a two-hundred day moving average of $3.11. The stock has a market capitalization of $305.48 million, a price-to-earnings ratio of -12.92 and a beta of 1.49.

ZipRecruiter (NYSE:ZIP) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.09. The business had revenue of $107.55 million for the quarter. Equities analysts expect that ZipRecruiter, Inc. will post -0.05 earnings per share for the current year.

Insider Buying and Selling at ZipRecruiter

In other news, CFO David Travers sold 23,656 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $2.53, for a total transaction of $59,849.68. Following the completion of the sale, the chief financial officer owned 1,239,307 shares in the company, valued at $3,135,446.71. The trade was a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ian H. Siegel sold 9,722 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $3.23, for a total value of $31,402.06. Following the sale, the chief executive officer owned 111,152 shares of the company’s stock, valued at approximately $359,020.96. The trade was a 8.04% 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 sold a total of 117,549 shares of company stock valued at $302,115 over the last three months. Insiders own 19.85% of the company’s stock.

Institutional Investors Weigh In On ZipRecruiter

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN raised its position in shares of 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 acquiring an additional 2,886,725 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of ZipRecruiter by 3.4% during the first 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 during the last quarter. Millennium Management LLC raised its position in shares of ZipRecruiter by 99.0% during the third quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock worth $6,316,000 after acquiring an additional 744,805 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of ZipRecruiter by 2.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,441,616 shares of the company’s stock worth $5,622,000 after acquiring an additional 38,918 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of ZipRecruiter by 5.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 803,229 shares of the company’s stock worth $3,133,000 after acquiring an additional 38,351 shares during the last quarter. Institutional investors 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.