ZipRecruiter (NYSE:ZIP) EVP Boris Shimanovsky Sells 30,000 Shares of Stock

Key Points

• ZipRecruiter EVP Boris Shimanovsky sold 30,000 shares for $141,000 at an average price of $4.70 under a pre-arranged Rule 10b5-1 plan. He retained 408,975 shares after the sale.
• ZIP traded at $3.75 on Friday, with a market capitalization of about $308 million and a 52-week range of $1.65 to $5.61.
• Analysts have an average Hold rating and a $4.17 price target. In its latest reported quarter, ZipRecruiter posted EPS of $0.53, exceeding the consensus estimate of a $0.06 loss.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Boris Shimanovsky sold 30,000 shares of the business's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $4.70, for a total value of $141,000.00. Following the transaction, the executive vice president directly owned 408,975 shares of the company's stock, valued at $1,922,182.50. The trade was a 6.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

ZIP traded up $0.03 on Friday, reaching $3.75. The company had a trading volume of 851,281 shares, compared to its average volume of 969,434. The business has a 50 day simple moving average of $4.05 and a 200 day simple moving average of $3.37. The company has a market cap of $307.94 million, a price-to-earnings ratio of 10.70 and a beta of 1.54. ZipRecruiter, Inc. has a 52-week low of $1.65 and a 52-week high of $5.61.

ZipRecruiter (NYSE:ZIP - Get Free Report) last issued 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 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.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ZIP. Wall Street Zen raised ZipRecruiter from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 24th. Weiss Ratings upgraded ZipRecruiter from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, October 27th. UBS Group increased their price objective on ZipRecruiter from $4.00 to $4.50 and gave the company a "neutral" rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group raised their price objective on ZipRecruiter from $3.50 to $5.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Four research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $4.17.

Institutional Trading of ZipRecruiter

Several hedge funds have recently added to or reduced their stakes in ZIP. Citizens Financial Group Inc. RI increased its stake in ZipRecruiter by 6.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 37,647 shares of the company's stock worth $132,000 after purchasing an additional 2,264 shares during the period. AXQ Capital LP bought a new stake in ZipRecruiter in the second quarter valued at approximately $38,000. Ritholtz Wealth Management purchased a new stake in shares of ZipRecruiter during the third quarter valued at approximately $39,000. Russell Investments Group Ltd. boosted its stake in shares of ZipRecruiter by 7.7% during the third quarter. Russell Investments Group Ltd. now owns 155,420 shares of the company's stock valued at $546,000 after purchasing an additional 11,112 shares during the period. Finally, Caerus Investment Advisors LLC purchased a new stake in shares of ZipRecruiter during the first quarter valued at approximately $25,000. 70.55% of the stock is owned by institutional investors.

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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