ZipRecruiter (NYSE:ZIP) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

ZipRecruiter, Inc. (NYSE:ZIP) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.20 and traded as high as $3.36. ZipRecruiter shares last traded at $3.1550, with a volume of 472,310 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ZIP. Barclays cut their price objective on shares of ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Weiss Ratings initiated coverage on ZipRecruiter in a research report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. UBS Group upped their price target on ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, The Goldman Sachs Group raised their price objective on ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report 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 stock has an average rating of “Reduce” and a consensus price target of $3.75.

ZipRecruiter Price Performance

The stock has a market cap of $266.32 million, a price-to-earnings ratio of -11.27 and a beta of 1.47. The stock’s 50 day simple moving average is $2.68 and its two-hundred day simple moving average is $3.20.

ZipRecruiter (NYSE:ZIP) last released 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 business had revenue of $107.55 million for the quarter. As a group, analysts predict that ZipRecruiter, Inc. will post -0.05 earnings per share for the current year.

Insider Activity

In other ZipRecruiter news, CEO Ian H. Siegel sold 34,364 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $2.57, for a total transaction of $88,315.48. Following the completion of the transaction, the chief executive officer owned 226,702 shares in the company, valued at $582,624.14. This trade represents a 13.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David Travers sold 23,656 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $2.53, for a total value of $59,849.68. Following the completion of the sale, the chief financial officer owned 1,239,307 shares in the company, valued at approximately $3,135,446.71. This represents a 1.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 114,635 shares of company stock valued at $292,878 in the last three months. Company insiders own 19.85% of the company’s stock.

Hedge Funds Weigh In On ZipRecruiter

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN raised its holdings in shares of ZipRecruiter by 178.0% in the second quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock valued at $22,587,000 after buying an additional 2,886,725 shares during the last quarter. Millennium Management LLC grew its holdings in ZipRecruiter by 99.0% during the 3rd quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock worth $6,316,000 after acquiring an additional 744,805 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in ZipRecruiter by 63.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,402,698 shares of the company’s stock valued at $5,919,000 after acquiring an additional 542,795 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of ZipRecruiter by 544.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 513,353 shares of the company’s stock worth $2,002,000 after acquiring an additional 433,727 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of ZipRecruiter by 197.4% in the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock worth $2,516,000 after acquiring an additional 428,232 shares during the last quarter. 70.55% of the stock is currently owned by institutional investors and hedge funds.

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.