Insider Selling: ZipRecruiter (NYSE:ZIP) CEO Sells $36,943.60 in Stock

Key Points

• ZipRecruiter CEO Ian Siegel sold 9,722 shares at an average price of $3.80, totaling $36,943.60. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 4.44% to 209,173 shares.
• ZipRecruiter shares traded at $3.71, below their 50-day moving average of $4.25 but above their 200-day average of $3.46. The stock has ranged from $1.65 to $5.61 over the past year.
• The company reported quarterly EPS of $0.53, beating estimates by $0.59, on revenue of $118.06 million. Analysts maintain a consensus “Hold” rating with an average price target of $4.17, while institutional investors own 70.55% of the stock.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) CEO Ian Siegel sold 9,722 shares of ZipRecruiter stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $3.80, for a total value of $36,943.60. Following the completion of the sale, the chief executive officer owned 209,173 shares of the company's stock, valued at approximately $794,857.40. The trade was a 4.44% 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

Shares of ZipRecruiter stock traded down $0.17 during trading on Tuesday, hitting $3.71. 596,943 shares of the company were exchanged, compared to its average volume of 915,034. The firm's fifty day moving average price is $4.25 and its 200 day moving average price is $3.46. The firm has a market capitalization of $305.48 million, a P/E ratio of 10.61 and a beta of 1.44. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $5.61.

ZipRecruiter (NYSE:ZIP - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.59. The firm had revenue of $118.06 million during the quarter. As a group, equities research analysts anticipate that ZipRecruiter, Inc. will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ZIP shares. The Goldman Sachs Group lifted 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. Weiss Ratings upgraded shares of ZipRecruiter from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 26th. UBS Group raised their price target on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 22nd. Finally, Wall Street Zen raised ZipRecruiter from a "buy" rating to a "strong-buy" rating in a report on Saturday. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $4.17.

Institutional Trading of ZipRecruiter

A number of institutional investors and hedge funds have recently made changes to their positions in the company. AXQ Capital LP purchased a new position in ZipRecruiter in the second quarter worth about $38,000. Evoke Wealth LLC purchased a new position in shares of ZipRecruiter in the fourth quarter worth $40,000. Caerus Investment Advisors LLC purchased a new position in ZipRecruiter in the 1st quarter worth about $25,000. Varde Management L.P. boosted its holdings in ZipRecruiter by 6.9% in 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. Finally, Alpine Global Management LLC bought a new position in ZipRecruiter in the fourth quarter valued at about $169,000. Institutional investors 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.

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