ZipRecruiter (NYSE:ZIP) President David Travers Sells 24,705 Shares of Stock

Key Points

• Insider sale: ZipRecruiter President David Travers sold 24,705 shares for approximately $90,420 at an average price of $3.66 under a pre-arranged Rule 10b5-1 plan. He retains 1,252,219 shares, and the sale reduced his ownership by 1.93%.
• Stock performance: ZIP recently traded at $3.71, with a market capitalization of about $305.5 million. The stock has ranged from $1.65 to $5.61 over the past year and is below its 50-day moving average of $4.25.
• Financials and analyst view: ZipRecruiter 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 Hold, with an average price target of $4.17.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) President David Travers sold 24,705 shares of the business's stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $3.66, for a total transaction of $90,420.30. Following the completion of the sale, the president owned 1,252,219 shares in the company, valued at approximately $4,583,121.54. This trade represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

Shares of NYSE:ZIP traded down $0.17 during trading on Tuesday, hitting $3.71. 596,943 shares of the company were exchanged, compared to its average volume of 915,034. ZipRecruiter, Inc. has a 12-month low of $1.65 and a 12-month high of $5.61. The stock has a market capitalization of $305.48 million, a P/E ratio of 10.61 and a beta of 1.44. The firm's 50 day moving average price is $4.25 and its 200-day moving average price is $3.46.

ZipRecruiter (NYSE:ZIP - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.59. The firm had revenue of $118.06 million during the quarter. As a group, equities research analysts anticipate that ZipRecruiter, Inc. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Varde Management L.P. lifted 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 purchasing an additional 23,929 shares during the last quarter. AXQ Capital LP acquired a new position in ZipRecruiter during the 2nd quarter worth approximately $38,000. Public Employees Retirement System of Ohio bought a new stake in ZipRecruiter during the second quarter worth $241,000. Militia Capital Management LLC bought a new position in ZipRecruiter in the 1st quarter valued at $399,000. Finally, Caerus Investment Advisors LLC purchased a new position in ZipRecruiter in the first quarter valued at approximately $25,000. Institutional investors own 70.55% of the company's stock.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects employers with job seekers. Its platform allows businesses of various sizes to create and distribute job postings, manage applicants and communicate with candidates, while helping job seekers search for employment opportunities and apply for positions.

The company uses technology and data-driven matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are delivered primarily through its website and mobile applications, with tools designed to streamline recruiting, applicant management and hiring workflows.

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

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