ZipRecruiter (NYSE:ZIP) CEO Ian Siegel Sells 9,722 Shares of Stock

Key Points

• CEO Ian Siegel sold 9,722 ZipRecruiter shares at an average price of $3.59, generating approximately $34,902. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 5.4%.
• ZipRecruiter shares traded around $3.58, with a market capitalization of approximately $294.8 million. The company recently reported quarterly EPS of $0.53, substantially exceeding analysts’ estimate of a $0.06 loss.
• Analyst sentiment remains neutral: the stock has an average “Hold” rating and an average price target of $4.17, while institutional investors and hedge funds own approximately 70.55% of outstanding shares.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) CEO Ian Siegel sold 9,722 shares of the company's stock in a transaction on Monday, October 5th. The stock was sold at an average price of $3.59, for a total transaction of $34,901.98. Following the completion of the transaction, the chief executive officer directly owned 170,285 shares in the company, valued at $611,323.15. This trade represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

Shares of NYSE:ZIP traded up $0.04 during midday trading on Monday, hitting $3.58. 615,384 shares of the stock were exchanged, compared to its average volume of 1,012,132. The company has a market capitalization of $294.79 million, a PE ratio of 10.24 and a beta of 1.55. ZipRecruiter, Inc. has a 52-week low of $1.65 and a 52-week high of $5.61. The business's fifty day simple moving average is $4.16 and its two-hundred day simple moving average is $3.51.

ZipRecruiter (NYSE:ZIP - Get Free Report) last issued 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 firm had revenue of $118.06 million during the quarter. As a group, equities analysts anticipate that ZipRecruiter, Inc. will post -0.26 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of ZipRecruiter from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 26th. UBS Group lifted their price objective 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. Finally, Wall Street Zen cut shares of ZipRecruiter from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 27th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $4.17.

Institutional Investors Weigh In On ZipRecruiter

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZIP. Renaissance Technologies LLC grew its holdings in ZipRecruiter by 3.4% during the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company's stock valued at $3,534,000 after purchasing an additional 62,900 shares during the last quarter. Varde Management L.P. boosted its holdings in shares of ZipRecruiter by 6.9% during 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 period. Militia Capital Management LLC acquired a new position in ZipRecruiter in the 1st quarter valued at $399,000. Hsbc Holdings PLC grew its stake in ZipRecruiter by 30.6% in the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company's stock valued at $808,000 after buying an additional 48,881 shares during the last quarter. Finally, Readystate Asset Management LP bought a new position in ZipRecruiter in the 1st quarter worth $347,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.

ZipRecruiter Company Profile

ZipRecruiter, Inc NYSE: ZIP operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings, reach candidates across a broad network of recruiting channels, and manage applications through digital tools.

The company's services are designed to support the hiring process from job advertising through candidate engagement. Features have included automated candidate matching, applicant invitations, resume search and related recruiting tools, while job seekers can search for available positions, create profiles and apply for jobs through the platform.

ZipRecruiter was founded in 2010 and initially focused on helping small and midsize businesses distribute job postings more efficiently.

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