ZipRecruiter (NYSE:ZIP) CEO Ian Siegel Sells 9,722 Shares of Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of ZipRecruiter stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $3.90, for a total value of $37,915.80. Following the sale, the chief executive officer owned 59,813 shares in the company, valued at $233,270.70. This trade represents a 13.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

Shares of NYSE:ZIP opened at $3.92 on Thursday. The company has a market capitalization of $330.47 million, a PE ratio of -13.98 and a beta of 1.43. The business has a fifty day moving average price of $3.44 and a two-hundred day moving average price of $2.91. ZipRecruiter, Inc. has a 1 year low of $1.65 and a 1 year high of $5.61.

ZipRecruiter (NYSE:ZIP) last released its earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09. The business 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 year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ZIP. Weiss Ratings reiterated a “sell (e+)” rating on shares of ZipRecruiter in a research note on Monday. UBS Group raised their price target on shares of ZipRecruiter from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, The Goldman Sachs Group upped their price objective on ZipRecruiter from $3.00 to $3.50 and gave the company 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $3.88.

Hedge Funds Weigh In On ZipRecruiter

Several institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG increased its holdings in ZipRecruiter by 197.4% during the 4th quarter. UBS Group AG now owns 645,157 shares of the company’s stock valued at $2,516,000 after purchasing an additional 428,232 shares during the period. Quarry LP bought a new stake in shares of ZipRecruiter during the 3rd quarter valued at about $42,000. nVerses Capital LLC purchased a new position in shares of ZipRecruiter during the fourth quarter valued at about $41,000. Caerus Investment Advisors LLC bought a new position in ZipRecruiter in the first quarter worth about $25,000. Finally, Hsbc Holdings PLC lifted its holdings in ZipRecruiter by 30.6% in the fourth quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock worth $808,000 after buying an additional 48,881 shares during the period. 70.55% of the stock is currently owned by institutional investors.

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.