ZipRecruiter (NYSE:ZIP) Stock: Insider Ryan Sakamoto Sells 2,978 Shares

Key Points

• Insider sale: EVP Ryan Sakamoto sold 2,978 ZipRecruiter shares at an average price of $3.49, reducing his holdings by 2.30% to 126,677 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 plan.
• Stock performance: ZIP shares traded at $3.48, with a market capitalization of approximately $285.75 million and a 52-week range of $1.65 to $5.61. The stock’s 50-day moving average was $4.22.
• Analyst outlook: Analysts have an average “Hold” rating and a consensus price target of $4.17, while institutional investors own 70.55% of the company. ZipRecruiter recently reported quarterly EPS of $0.53, exceeding estimates of a $0.06 loss.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Ryan Sakamoto sold 2,978 shares of the company's stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $3.49, for a total transaction of $10,393.22. Following the sale, the executive vice president owned 126,677 shares of the company's stock, valued at $442,102.73. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

Shares of NYSE:ZIP traded down $0.04 during midday trading on Monday, hitting $3.48. The company's stock had a trading volume of 568,406 shares, compared to its average volume of 1,024,054. The stock's 50 day simple moving average is $4.22 and its 200 day simple moving average is $3.48. The stock has a market capitalization of $285.75 million, a price-to-earnings ratio of 9.93 and a beta of 1.44. ZipRecruiter, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $5.61.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ZIP. Renaissance Technologies LLC grew its holdings in shares of ZipRecruiter by 3.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company's stock worth $3,534,000 after purchasing an additional 62,900 shares during the last quarter. Varde Management L.P. grew 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 buying an additional 23,929 shares during the last quarter. Hsbc Holdings PLC grew 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 buying an additional 48,881 shares during the last quarter. Militia Capital Management LLC acquired a new stake in shares of ZipRecruiter during the first quarter worth approximately $399,000. Finally, Readystate Asset Management LP acquired a new stake in shares of ZipRecruiter during the first quarter worth approximately $347,000. 70.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. UBS Group increased their target price 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. Weiss Ratings upgraded ZipRecruiter from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 26th. The Goldman Sachs Group boosted their price objective on ZipRecruiter from $3.50 to $5.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Finally, Wall Street Zen lowered ZipRecruiter from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $4.17.

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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