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

Key Points

• CEO Ian Siegel sold 9,722 ZipRecruiter shares at an average price of $3.48, totaling $33,832.56. The Rule 10b5-1 transaction reduced his direct ownership by 4.87% to 189,729 shares.
• ZIP shares recently traded at $3.58, with a market capitalization of approximately $294.8 million and a 12-month range of $1.65 to $5.61. The company’s latest quarterly earnings of $0.53 per share exceeded the consensus estimate of a $0.06 loss.
• Analysts maintain a consensus “Hold” rating, with an average price target of $4.17; institutional investors own approximately 70.55% of the company’s stock.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) CEO Ian Siegel sold 9,722 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $3.48, for a total value of $33,832.56. Following the completion of the sale, the chief executive officer directly owned 189,729 shares of the company's stock, valued at approximately $660,256.92. This trade represents a 4.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

Shares of ZIP stock traded up $0.04 during trading hours on Monday, reaching $3.58. The company had a trading volume of 615,384 shares, compared to its average volume of 1,012,132. The company has a market cap of $294.79 million, a price-to-earnings ratio of 10.24 and a beta of 1.55. ZipRecruiter, Inc. has a 12 month low of $1.65 and a 12 month high of $5.61. The business has a fifty day simple moving average of $4.16 and a 200-day simple moving average of $3.51.

ZipRecruiter (NYSE:ZIP - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.59. The company had revenue of $118.06 million for the quarter. On average, equities research analysts expect that ZipRecruiter, Inc. will post -0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ZIP has been the subject of several analyst reports. The Goldman Sachs Group increased their target price on shares of 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 shares of ZipRecruiter from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 27th. UBS Group upped their price objective 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. Finally, Weiss Ratings upgraded shares of ZipRecruiter from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 26th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $4.17.

Institutional Trading of ZipRecruiter

Large investors have recently added to or reduced their stakes in the stock. Caerus Investment Advisors LLC purchased a new stake in shares of ZipRecruiter during the 1st quarter worth approximately $25,000. AXQ Capital LP bought a new position in ZipRecruiter during the second quarter valued at $38,000. Militia Capital Management LLC bought a new position in ZipRecruiter during the first quarter valued at $134,000. Sei Investments Co. purchased a new stake in ZipRecruiter in the first quarter worth $140,000. Finally, Alpine Global Management LLC purchased a new stake in ZipRecruiter in the fourth quarter worth $169,000. Hedge funds and other institutional investors own 70.55% of the company's stock.

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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