Insider Selling: ZipRecruiter (NYSE:ZIP) EVP Sells 2,978 Shares of Stock

Key Points

• ZipRecruiter EVP Ryan Sakamoto sold 2,978 shares at an average price of $4.54, generating $13,520.12. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct holdings by 2.35% to 123,699 shares.
• ZIP shares fell 1.4% to $4.46 during Tuesday trading. The stock has ranged from $1.65 to $5.61 over the past year, with a market capitalization of approximately $366 million.
• Analysts maintain a generally neutral outlook, with an average “Hold” rating and a $4.17 target price. ZipRecruiter’s latest quarterly earnings significantly exceeded estimates, reporting $0.53 in EPS on $118.06 million in revenue.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Ryan Sakamoto sold 2,978 shares of the company's stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $4.54, for a total transaction of $13,520.12. Following the completion of the sale, the executive vice president directly owned 123,699 shares in the company, valued at $561,593.46. This trade represents a 2.35% decrease in their position. The sale 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 1.4%

Shares of ZIP traded down $0.07 during mid-day trading on Tuesday, reaching $4.46. 472,766 shares of the company's stock were exchanged, compared to its average volume of 979,926. ZipRecruiter, Inc. has a 52-week low of $1.65 and a 52-week high of $5.61. The company has a market cap of $366.33 million, a price-to-earnings ratio of 12.73 and a beta of 1.55. The company has a 50-day simple moving average of $4.13 and a two-hundred day simple moving average of $3.33.

ZipRecruiter (NYSE:ZIP - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.59. The company had revenue of $118.06 million during the quarter. As a group, equities research analysts predict that ZipRecruiter, Inc. will post -0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in shares of ZipRecruiter by 3.4% during the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company's stock worth $3,534,000 after purchasing an additional 62,900 shares during the last quarter. Varde Management L.P. boosted its stake in ZipRecruiter by 6.9% in the 2nd quarter. Varde Management L.P. now owns 371,456 shares of the company's stock worth $1,393,000 after buying an additional 23,929 shares during the last quarter. Hsbc Holdings PLC boosted its stake in ZipRecruiter by 30.6% in the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company's stock worth $808,000 after buying an additional 48,881 shares during the last quarter. Militia Capital Management LLC acquired a new stake in ZipRecruiter in the 1st quarter worth about $399,000. Finally, Readystate Asset Management LP purchased a new stake in ZipRecruiter in the 1st quarter valued at about $347,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings across a broad network of online channels, while helping candidates search for available positions and apply for roles.

The company uses technology and matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are designed for businesses of various sizes, including small and midsize employers, as well as staffing firms and larger organizations.

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

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