ZipRecruiter (NYSE:ZIP) EVP Boris Shimanovsky Sells 67,937 Shares of Company Stock

Key Points

• ZipRecruiter EVP Boris Shimanovsky sold 67,937 shares for about $377,730, reducing his holdings by 16.61% to 341,038 shares. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
• ZipRecruiter reported quarterly EPS of $0.06, beating analyst expectations of a $0.11 loss, on revenue of $124.44 million. The article also notes third-quarter revenue growth of 8.2% and record marketplace engagement.
• Shares fell 4.5% in Thursday mid-day trading to $5.65. Analysts’ average rating was Hold, with a consensus price target of $4.33.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Boris Shimanovsky sold 67,937 shares of ZipRecruiter stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $5.56, for a total transaction of $377,729.72. Following the completion of the sale, the executive vice president owned 341,038 shares in the company, valued at approximately $1,896,171.28. This represents a 16.61% decrease in their ownership of the stock. The sale 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 Down 4.5%

ZIP stock traded down $0.27 during mid-day trading on Thursday, hitting $5.65. The company had a trading volume of 1,306,865 shares, compared to its average volume of 1,003,328. The company has a 50-day moving average price of $4.15 and a 200 day moving average price of $3.44. ZipRecruiter, Inc. has a 12-month low of $1.65 and a 12-month high of $6.72. The company has a market capitalization of $464.66 million, a price-to-earnings ratio of 10.87 and a beta of 1.54.

ZipRecruiter (NYSE:ZIP - Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.17. The firm had revenue of $124.44 million for the quarter. As a group, analysts expect that ZipRecruiter, Inc. will post -0.26 EPS for the current year.

Institutional Trading of ZipRecruiter

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in ZipRecruiter by 3.4% in the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company's stock worth $3,534,000 after acquiring an additional 62,900 shares in the last quarter. Varde Management L.P. increased its stake in ZipRecruiter by 6.9% during the second quarter. Varde Management L.P. now owns 371,456 shares of the company's stock worth $1,393,000 after acquiring an additional 23,929 shares during the last quarter. Hsbc Holdings PLC increased its stake in ZipRecruiter by 30.6% during the fourth quarter. Hsbc Holdings PLC now owns 208,392 shares of the company's stock worth $808,000 after acquiring an additional 48,881 shares during the last quarter. Russell Investments Group Ltd. raised its position in 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, State of Wyoming raised its position in ZipRecruiter by 458.9% during the third quarter. State of Wyoming now owns 123,918 shares of the company's stock valued at $435,000 after purchasing an additional 101,748 shares during the period. 70.55% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about ZipRecruiter

These are some of the ZIP headlines that stood out recently:

• Positive Sentiment: Another report noted a lift in its fair-value estimate following an analyst price-target increase, adding to the constructive outlook. Fair value estimate increased
• Positive Sentiment: ZipRecruiter’s third-quarter revenue rose 8.2%, while marketplace engagement metrics reached all-time highs—signs of stronger platform activity. Its latest reported EPS of $0.06 also topped the cited analyst consensus estimate of a loss of $0.11. Q3 revenue and engagement results
• Negative Sentiment: EVP Boris Shimanovsky sold 67,937 shares, reducing his direct holdings by 16.61%. The sale was executed through a pre-arranged Rule 10b5-1 plan, which may temper concerns that it reflects a new view of the company. SEC filing for insider sale

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group raised their price target on ZipRecruiter from $3.50 to $5.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Wall Street Zen cut ZipRecruiter from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 7th. UBS Group increased their target price on ZipRecruiter from $4.50 to $5.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Weiss Ratings lowered shares of ZipRecruiter from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday. Four investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $4.33.

About ZipRecruiter

ZipRecruiter, Inc. operates an online employment marketplace that connects businesses with job seekers. Employers can create and manage job listings, while candidates can search and apply for openings through the company's website and mobile applications. The platform uses technology to match job seekers with relevant opportunities and help employers identify potential candidates. Its services include tools for posting jobs, managing applications, and finding or inviting candidates to apply. Founded in 2010, ZipRecruiter is headquartered in Santa Monica, California, and primarily serves employers and job seekers in the United States, with operations also serving select international markets.

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