ZipRecruiter (NYSE:ZIP) CEO Sells $20,124.54 in Stock

Key Points

• CEO Ian Siegel sold 9,722 shares on April 6 at an average of $2.07 for $20,124.54 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 6.48% to 140,318 shares (worth about $290,458).
• ZipRecruiter shares trade near $1.96 with a market cap of roughly $191M, while analysts have cut targets (UBS to $2.50, Barclays to $3.00) and the consensus rating is currently Hold with a $4.00 average target.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) CEO Ian Siegel sold 9,722 shares of the firm's stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $2.07, for a total transaction of $20,124.54. Following the transaction, the chief executive officer directly owned 140,318 shares of the company's stock, valued at $290,458.26. The trade was a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Price Performance

Shares of NYSE:ZIP traded down $0.03 during midday trading on Wednesday, reaching $1.96. 720,658 shares of the company's stock were exchanged, compared to its average volume of 1,393,569. The company has a market capitalization of $191.00 million, a price-to-earnings ratio of 97.80 and a beta of 1.18. ZipRecruiter, Inc. has a 12 month low of $1.65 and a 12 month high of $6.55. The company has a debt-to-equity ratio of 39.98, a quick ratio of 7.41 and a current ratio of 7.41.

Analyst Upgrades and Downgrades

ZIP has been the topic of several recent analyst reports. UBS Group reduced their target price on ZipRecruiter from $4.50 to $2.50 and set a "neutral" rating on the stock in a report on Thursday, February 26th. Barclays reduced their target price on ZipRecruiter from $5.00 to $3.00 and set an "equal weight" rating on the stock in a report on Thursday, February 26th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $4.00.

Hedge Funds Weigh In On ZipRecruiter

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in ZipRecruiter by 356.5% in the third quarter. JPMorgan Chase & Co. now owns 141,353 shares of the company's stock valued at $597,000 after buying an additional 110,391 shares during the period. Tudor Investment Corp ET AL acquired a new position in ZipRecruiter during the third quarter valued at approximately $336,000. Jefferies Financial Group Inc. acquired a new position in ZipRecruiter during the third quarter valued at approximately $696,000. R Squared Ltd acquired a new position in ZipRecruiter during the third quarter valued at approximately $72,000. Finally, GSA Capital Partners LLP grew its holdings in ZipRecruiter by 400.7% during the third quarter. GSA Capital Partners LLP now owns 208,627 shares of the company's stock valued at $880,000 after purchasing an additional 166,957 shares during the period. 70.55% of the stock is currently owned by institutional investors and hedge funds.

About ZipRecruiter

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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