Insider Selling: ZipRecruiter (NYSE:ZIP) EVP Sells $13,073.42 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Ryan Sakamoto sold 2,978 shares of ZipRecruiter stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $4.39, for a total transaction of $13,073.42. Following the sale, the executive vice president owned 119,112 shares of the company’s stock, valued at approximately $522,901.68. This trade represents a 2.44% 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.

ZipRecruiter Stock Down 1.1%

Shares of NYSE:ZIP traded down $0.05 during trading on Wednesday, reaching $4.30. The stock had a trading volume of 1,071,614 shares, compared to its average volume of 1,046,059. The stock has a market cap of $353.59 million, a P/E ratio of 12.29 and a beta of 1.42. The business has a fifty day moving average price of $4.14 and a 200-day moving average price of $3.19. ZipRecruiter, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $5.61.

ZipRecruiter (NYSE:ZIP) last announced its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The firm had revenue of $118.06 million for the quarter. As a group, equities analysts forecast that ZipRecruiter, Inc. will post 0.16 EPS for the current year.

Institutional Investors Weigh In On ZipRecruiter

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of ZipRecruiter during the 3rd quarter worth about $42,000. AXQ Capital LP purchased a new position in ZipRecruiter in the second quarter valued at approximately $38,000. Evoke Wealth LLC acquired a new position in ZipRecruiter during the fourth quarter valued at approximately $40,000. nVerses Capital LLC purchased a new stake in ZipRecruiter during the fourth quarter worth approximately $41,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in ZipRecruiter during the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

Analysts Set New Price Targets

ZIP has been the subject of a number of recent analyst reports. Weiss Ratings raised ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. The Goldman Sachs Group increased their target price on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Wall Street Zen raised ZipRecruiter from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, UBS Group lifted their price target on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, ZipRecruiter currently has an average rating of “Reduce” and a consensus price target of $4.17.

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.