Ian Siegel Sells 34,978 Shares of ZipRecruiter (NYSE:ZIP) Stock

Key Points

• ZipRecruiter CEO Ian Siegel sold 34,978 shares at an average price of $3.67, generating $128,369.26. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 13.78%.
• ZipRecruiter shares fell 4.3% to $3.71, while the company reported quarterly EPS of $0.53, significantly exceeding analysts’ expectations for a loss of $0.06.
• Analysts maintain a consensus “Hold” rating with an average price target of $4.17; institutional investors own approximately 70.55% of the company.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) CEO Ian Siegel sold 34,978 shares of the business's stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $3.67, for a total transaction of $128,369.26. Following the completion of the transaction, the chief executive officer owned 218,895 shares in the company, valued at approximately $803,344.65. This trade represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Down 4.3%

ZipRecruiter stock traded down $0.17 during mid-day trading on Tuesday, hitting $3.71. 596,943 shares of the company's stock were exchanged, compared to its average volume of 915,034. ZipRecruiter, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $5.61. The firm has a market capitalization of $305.48 million, a P/E ratio of 10.61 and a beta of 1.44. The company's 50 day simple moving average is $4.25 and its 200-day simple moving average is $3.46.

ZipRecruiter (NYSE:ZIP - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.59. The business had revenue of $118.06 million for the quarter. Research analysts expect that ZipRecruiter, Inc. will post 0.16 EPS for the current year.

Analysts Set New Price Targets

ZIP has been the topic of several analyst reports. The Goldman Sachs Group upped their price objective on ZipRecruiter from $3.50 to $5.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. UBS Group boosted their target price on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a "neutral" rating in a research note on Wednesday, July 22nd. Wall Street Zen raised ZipRecruiter from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Weiss Ratings upgraded ZipRecruiter from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 26th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $4.17.

Institutional Trading of ZipRecruiter

Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in shares of ZipRecruiter by 3.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company's stock worth $3,534,000 after buying an additional 62,900 shares during the last quarter. UBS Group AG lifted its position in shares of ZipRecruiter by 197.4% in the fourth quarter. UBS Group AG now owns 645,157 shares of the company's stock valued at $2,516,000 after acquiring an additional 428,232 shares in the last quarter. Varde Management L.P. boosted its holdings in shares of ZipRecruiter by 6.9% during the second quarter. Varde Management L.P. now owns 371,456 shares of the company's stock worth $1,393,000 after purchasing an additional 23,929 shares during the last quarter. Militia Capital Management LLC acquired a new position in ZipRecruiter in the first quarter valued at $399,000. Finally, Hsbc Holdings PLC grew its holdings in ZipRecruiter by 30.6% during the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company's stock valued at $808,000 after purchasing an additional 48,881 shares in the last quarter. 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 employers with job seekers. Its platform allows businesses of various sizes to create and distribute job postings, manage applicants and communicate with candidates, while helping job seekers search for employment opportunities and apply for positions.

The company uses technology and data-driven matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are delivered primarily through its website and mobile applications, with tools designed to streamline recruiting, applicant management and hiring workflows.

ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Redd.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.