ZipRecruiter (NYSE:ZIP) Stock Crosses Above 200 Day Moving Average - Here's Why

Key Points

• ZipRecruiter shares rose above their 200-day moving average, reaching $4.64 and last trading at $4.565, compared with the $3.69 average. The company has a market capitalization of approximately $375 million.
• Analysts maintain a generally neutral outlook: four analysts rate the stock “Hold,” with a consensus price target of $4.17. ZipRecruiter’s latest quarterly EPS of $0.53 significantly exceeded the consensus estimate of a $0.06 loss.
• Insiders have sold shares recently, including the CEO and president, while institutional investors own 70.55% of the company. Over the past 90 days, insiders sold 133,452 shares worth about $519,000.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $3.69 and traded as high as $4.64. ZipRecruiter shares last traded at $4.5650, with a volume of 832,994 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ZIP shares. Wall Street Zen downgraded shares of ZipRecruiter from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 27th. The Goldman Sachs Group lifted their price objective on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. 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 report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of ZipRecruiter from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 26th. Four research analysts have rated the stock with a Hold rating. According to data from MarketBeat, ZipRecruiter presently has an average rating of "Hold" and a consensus target price of $4.17.

ZipRecruiter Price Performance

The stock's 50 day moving average price is $4.13 and its two-hundred day moving average price is $3.69. The firm has a market capitalization of $375.38 million, a price-to-earnings ratio of 13.04 and a beta of 1.55.

ZipRecruiter (NYSE:ZIP - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 -0.26 EPS for the current fiscal year.

Insider Activity

In related news, CEO Ian H. Siegel sold 9,722 shares of the business's stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $3.59, for a total transaction of $34,901.98. Following the completion of the transaction, the chief executive officer owned 170,285 shares of the company's stock, valued at approximately $611,323.15. The trade was a 5.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President David Travers sold 24,705 shares of the business's stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $3.66, for a total value of $90,420.30. Following the transaction, the president directly owned 1,252,219 shares of the company's stock, valued at $4,583,121.54. This represents a 1.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 133,452 shares of company stock valued at $519,058. 19.85% of the stock is owned by insiders.

Institutional Trading of ZipRecruiter

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZIP. AXQ Capital LP acquired a new position in shares of ZipRecruiter during the second quarter worth approximately $38,000. Caerus Investment Advisors LLC bought a new stake in shares of ZipRecruiter in the first quarter valued at approximately $25,000. Varde Management L.P. boosted its position in shares of ZipRecruiter by 6.9% in the second quarter. Varde Management L.P. now owns 371,456 shares of the company's stock valued at $1,393,000 after acquiring an additional 23,929 shares during the period. Hsbc Holdings PLC boosted its position in shares of ZipRecruiter by 30.6% in the fourth quarter. Hsbc Holdings PLC now owns 208,392 shares of the company's stock valued at $808,000 after acquiring an additional 48,881 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 70.55% of the company's stock.

About ZipRecruiter

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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