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

Key Points

• ZipRecruiter EVP Ryan Sakamoto sold 2,978 shares at an average price of $4.39, totaling $13,073.42, under a pre-arranged Rule 10b5-1 trading plan. He retained 119,112 shares after the sale.
• ZIP shares fell 1.1% to $4.30, while the company’s market capitalization stood at about $353.6 million. The stock has traded between $1.65 and $5.61 over the past year.
• ZipRecruiter recently reported quarterly EPS of $0.53, beating the consensus estimate of a $0.06 loss, on revenue of $118.06 million. Analysts’ average rating remains “Reduce,” with a consensus price target of $4.17.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Ryan Sakamoto sold 2,978 shares of ZipRecruiter stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $4.39, for a total value of $13,073.42. Following the completion of the sale, the executive vice president owned 119,112 shares in the company, valued at approximately $522,901.68. This trade represents a 2.44% 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 1.1%

ZIP stock traded down $0.05 on Wednesday, reaching $4.30. 1,071,614 shares of the company's stock were exchanged, compared to its average volume of 1,046,059. The stock has a fifty day moving average of $4.14 and a 200-day moving average of $3.19. The firm has a market cap of $353.59 million, a PE ratio of 12.29 and a beta of 1.42. ZipRecruiter, Inc. has a twelve month low of $1.65 and a twelve month high of $5.61.

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

Analyst Ratings Changes

ZIP has been the subject of a number of research reports. Weiss Ratings upgraded shares of ZipRecruiter from a "sell (d-)" rating to a "sell (d+)" 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. UBS Group lifted their price objective on ZipRecruiter from $4.00 to $4.50 and gave the stock a "neutral" rating in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group lifted their price objective on ZipRecruiter from $3.50 to $5.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $4.17.

Institutional Investors Weigh In On ZipRecruiter

A number of large investors have recently bought and sold shares of the stock. Amundi purchased a new position in ZipRecruiter during the first quarter worth $70,000. AQR Capital Management LLC acquired a new stake in shares of ZipRecruiter during the first quarter valued at $133,000. Goldman Sachs Group Inc. boosted its stake in shares of ZipRecruiter by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 374,650 shares of the company's stock valued at $2,207,000 after acquiring an additional 35,256 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of ZipRecruiter by 59.7% during the first quarter. Acadian Asset Management LLC now owns 92,053 shares of the company's stock valued at $540,000 after acquiring an additional 34,424 shares during the last quarter. Finally, Creative Planning increased its position in ZipRecruiter by 20.5% during the 2nd quarter. Creative Planning now owns 29,838 shares of the company's stock worth $149,000 after purchasing an additional 5,069 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 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.

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