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

Key Points

• CEO Ian Siegel sold 9,722 shares on May 7 at an average $3.23 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 8.04% to 111,152 shares (worth about $359k).
• ZipRecruiter beat EPS estimates this quarter (loss of $0.06 vs. consensus -$0.15) on $107.55M in revenue; the stock trades near $3.11 with a 1-year range of $1.65–$6.55 and a market cap around $263M.
• Analyst sentiment is largely negative—average rating "Reduce" with a $4.00 average price target after cuts from UBS and Barclays—and institutional investors own roughly 70.6% of the shares.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) CEO Ian Siegel sold 9,722 shares of the business's stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $3.23, for a total value of $31,402.06. Following the transaction, the chief executive officer directly owned 111,152 shares of the company's stock, valued at $359,020.96. This represents a 8.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 $0.01 during trading hours on Thursday, hitting $3.11. 1,179,001 shares of the company's stock were exchanged, compared to its average volume of 1,239,859. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $6.55. The stock has a market capitalization of $262.85 million, a price-to-earnings ratio of -8.90 and a beta of 1.47. The company's 50-day moving average price is $2.43 and its 200-day moving average price is $3.28.

ZipRecruiter (NYSE:ZIP - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.09. The business had revenue of $107.55 million for the quarter. On average, research analysts expect that ZipRecruiter, Inc. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On ZipRecruiter

Large investors have recently added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new position in ZipRecruiter in the 4th quarter valued at approximately $63,000. Bank of Montreal Can bought a new stake in shares of ZipRecruiter in the 4th quarter valued at approximately $57,000. Sherbrooke Park Advisers LLC bought a new stake in shares of ZipRecruiter in the 3rd quarter valued at approximately $49,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of ZipRecruiter in the 3rd quarter valued at approximately $44,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of ZipRecruiter in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 70.55% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. UBS Group cut their price objective on ZipRecruiter from $4.50 to $2.50 and set a "neutral" rating for the company in a research report on Thursday, February 26th. Weiss Ratings began coverage on ZipRecruiter in a report on Tuesday, April 7th. They issued a "sell (e+)" rating for the company. Finally, Barclays cut their price target on ZipRecruiter from $5.00 to $3.00 and set an "equal weight" rating for the company in a report on Thursday, February 26th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $4.00.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects job seekers and employers. Its platform provides various solutions, such as job posting, online interviews, job alerts, match scores, and application updates. The company was incorporated in 2010 and is based in Santa Monica, California.

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