ZipRecruiter (NYSE:ZIP) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• ZipRecruiter shares rose above their 200-day moving average, trading as high as $4.36 and recently at $4.235, compared with a 200-day average of $3.57.
• Analysts remain cautious: all four covering analysts rate the stock “Hold,” with an average price target of $4.17, despite Goldman Sachs raising its target to $5.00.
• The company reported quarterly EPS of $0.53, well above the expected loss of $0.06, while insiders sold 141,435 shares worth about $550,591 during the last quarter.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $3.57 and traded as high as $4.36. ZipRecruiter shares last traded at $4.2350, with a volume of 414,482 shares trading hands.

Analyst Ratings Changes

A number of analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on ZipRecruiter from $3.50 to $5.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Wall Street Zen lowered ZipRecruiter from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 27th. UBS Group increased their price objective on ZipRecruiter from $4.00 to $4.50 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised 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 company presently has an average rating of "Hold" and an average target price of $4.17.

ZipRecruiter Stock Up 1.6%

The stock's 50-day moving average price is $4.15 and its 200 day moving average price is $3.57. The company has a market cap of $348.24 million, a P/E ratio of 12.10 and a beta of 1.55.

ZipRecruiter (NYSE:ZIP - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $118.06 million for the quarter. Analysts expect that ZipRecruiter, Inc. will post -0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ian H. Siegel sold 34,978 shares of the firm's stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $3.67, for a total value of $128,369.26. Following the sale, the chief executive officer directly owned 218,895 shares of the company's stock, valued at approximately $803,344.65. This trade represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 ZipRecruiter 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 completion of the transaction, the president owned 1,252,219 shares in the company, valued at $4,583,121.54. The trade was a 1.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 141,435 shares of company stock valued at $550,591 in the last quarter. Insiders own 19.85% of the company's stock.

Institutional Trading of ZipRecruiter

Several hedge funds have recently added to or reduced their stakes in the business. Militia Capital Management LLC acquired a new stake in ZipRecruiter in the 1st quarter valued at approximately $399,000. Readystate Asset Management LP bought a new position in ZipRecruiter in the 1st quarter worth approximately $347,000. Varde Management L.P. lifted its holdings in shares of 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. AXQ Capital LP acquired a new position in shares of ZipRecruiter during the second quarter worth approximately $38,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of ZipRecruiter during the second quarter worth approximately $241,000. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.