Ryan Sakamoto Sells 2,978 Shares of ZipRecruiter (NYSE:ZIP) Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 2,978 shares of ZipRecruiter stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $3.86, for a total value of $11,495.08. Following the transaction, the executive vice president owned 125,637 shares of the company’s stock, valued at $484,958.82. The trade was a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Down 0.9%

Shares of ZIP stock opened at $3.94 on Friday. The stock has a market cap of $332.24 million, a PE ratio of -14.06 and a beta of 1.49. The business has a 50-day simple moving average of $3.27 and a 200-day simple moving average of $3.00. ZipRecruiter, Inc. has a 52-week low of $1.65 and a 52-week high of $5.61.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZIP. 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. Weiss Ratings initiated coverage on shares of ZipRecruiter in a report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. Finally, UBS Group raised their price target on shares of ZipRecruiter from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Friday. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, ZipRecruiter presently has an average rating of “Reduce” and a consensus target price of $3.88.

Hedge Funds Weigh In On ZipRecruiter

Large investors have recently bought and sold shares of the business. Militia Capital Management LLC purchased a new position in ZipRecruiter during the first quarter worth approximately $399,000. Caerus Investment Advisors LLC acquired a new stake in ZipRecruiter in the first quarter valued at approximately $25,000. Readystate Asset Management LP purchased a new stake in shares of ZipRecruiter in the first quarter valued at approximately $347,000. Renaissance Technologies LLC increased its position in shares of ZipRecruiter by 3.4% in the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock valued at $3,534,000 after buying an additional 62,900 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in shares of ZipRecruiter during the 1st quarter worth approximately $140,000. 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.