Ian Siegel Sells 34,978 Shares of ZipRecruiter (NYSE:ZIP) Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 34,978 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $3.00, for a total value of $104,934.00. Following the transaction, the chief executive officer directly owned 108,423 shares of the company’s stock, valued at approximately $325,269. This represents a 24.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

NYSE:ZIP opened at $3.28 on Thursday. The firm has a market cap of $277.20 million, a price-to-earnings ratio of -11.73 and a beta of 1.49. The firm’s fifty day moving average price is $3.22 and its 200 day moving average price is $3.00. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $5.61.

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

Institutional Trading of ZipRecruiter

Several institutional investors have recently added to or reduced their stakes in the stock. Caerus Investment Advisors LLC acquired a new position in shares of ZipRecruiter during the first quarter worth approximately $25,000. Evoke Wealth LLC bought a new stake in ZipRecruiter during the 4th quarter valued at $40,000. nVerses Capital LLC acquired a new position in ZipRecruiter during the 4th quarter worth $41,000. Quarry LP acquired a new position in ZipRecruiter during the 3rd quarter worth $42,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of ZipRecruiter in the fourth quarter worth $43,000. 70.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ZIP shares. The Goldman Sachs Group lifted their price objective on ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Monday, May 11th. Weiss Ratings assumed coverage on ZipRecruiter in a research report on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. Barclays reduced their target price on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Finally, UBS Group boosted their target price on shares of 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $3.75.

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.