ZipRecruiter (NYSE:ZIP) EVP Sells $377,729.72 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Boris Shimanovsky sold 67,937 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $5.56, for a total value of $377,729.72. Following the completion of the sale, the executive vice president owned 341,038 shares of the company’s stock, valued at approximately $1,896,171.28. This represents a 16.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

NYSE ZIP traded down $0.27 on Thursday, hitting $5.65. 1,306,865 shares of the stock were exchanged, compared to its average volume of 1,003,328. ZipRecruiter, Inc. has a 52-week low of $1.65 and a 52-week high of $6.72. The firm has a market capitalization of $464.66 million, a P/E ratio of 10.87 and a beta of 1.54. The stock has a fifty day moving average price of $4.15 and a two-hundred day moving average price of $3.44.

ZipRecruiter (NYSE:ZIP) last announced its earnings results on Monday, November 9th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.17. The firm had revenue of $124.44 million during the quarter. Sell-side analysts expect that ZipRecruiter, Inc. will post -0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings lowered shares of ZipRecruiter from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. UBS Group raised their price objective on shares of ZipRecruiter from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group boosted their target price on ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen cut ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 7th. Four analysts have rated the stock with a Hold rating. According to MarketBeat, ZipRecruiter currently has a consensus rating of “Hold” and an average target price of $4.33.

Institutional Trading of ZipRecruiter

Hedge funds and other institutional investors have recently bought and sold shares of the business. Militia Capital Management LLC bought a new stake in shares of ZipRecruiter during the first quarter worth $399,000. Readystate Asset Management LP bought a new position in shares of ZipRecruiter in the first quarter worth about $347,000. State of Wyoming grew its holdings in shares of ZipRecruiter by 458.9% in the third quarter. State of Wyoming now owns 123,918 shares of the company’s stock worth $435,000 after purchasing an additional 101,748 shares during the last quarter. Sei Investments Co. bought a new position in shares of ZipRecruiter in the first quarter worth about $140,000. Finally, Public Employees Retirement System of Ohio purchased a new position in ZipRecruiter in the 2nd quarter worth about $241,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

Latest ZipRecruiter News

Investors following ZIP have been watching these news items:

• Positive Sentiment: Zacks upgraded ZipRecruiter to Rank #1 (Strong Buy), citing improving earnings prospects. The report also points to solid earnings-estimate revisions as a possible near-term catalyst. ZipRecruiter upgraded to Strong Buy
• Positive Sentiment: Another report noted a lift in its fair-value estimate following an analyst price-target increase, adding to the constructive outlook. Fair value estimate increased
• Negative Sentiment: EVP Boris Shimanovsky sold 67,937 shares, reducing his direct holdings by 16.61%. The sale was executed through a pre-arranged Rule 10b5-1 plan, which may temper concerns that it reflects a new view of the company. SEC filing for insider sale

ZipRecruiter Company Profile

ZipRecruiter, Inc. operates an online employment marketplace that connects businesses with job seekers. Employers can create and manage job listings, while candidates can search and apply for openings through the company’s website and mobile applications. The platform uses technology to match job seekers with relevant opportunities and help employers identify potential candidates. Its services include tools for posting jobs, managing applications, and finding or inviting candidates to apply. Founded in 2010, ZipRecruiter is headquartered in Santa Monica, California, and primarily serves employers and job seekers in the United States, with operations also serving select international markets.