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

Key Points

• CEO Ian Siegel sold 9,722 ZipRecruiter shares at an average price of $4.55, generating $44,235.10 and reducing his direct ownership by 24.08%. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
• ZipRecruiter shares rose 9.7% to $4.66, while the company’s latest quarterly results beat EPS expectations with $107.55 million in revenue. Analysts expect a current-year loss of $0.08 per share.
• Analyst sentiment remains cautious: UBS and Goldman Sachs maintained neutral ratings despite raising price targets, while the consensus rating is “Reduce” with a $4.38 target. Institutional investors own 70.55% of the company.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) CEO Ian Siegel sold 9,722 shares of the company's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $4.55, for a total transaction of $44,235.10. Following the completion of the sale, the chief executive officer directly owned 30,647 shares in the company, valued at approximately $139,443.85. The trade was a 24.08% decrease in their ownership of the stock. 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 Stock Up 9.7%

Shares of NYSE ZIP traded up $0.41 during midday trading on Thursday, reaching $4.66. 1,339,616 shares of the stock were exchanged, compared to its average volume of 548,028. The firm has a 50-day simple moving average of $3.77 and a two-hundred day simple moving average of $2.97. ZipRecruiter, Inc. has a twelve month low of $1.65 and a twelve month high of $5.61. The firm has a market cap of $393.60 million, a price-to-earnings ratio of 13.32 and a beta of 1.42.

ZipRecruiter (NYSE:ZIP - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.09. The firm had revenue of $107.55 million for the quarter. Research analysts expect that ZipRecruiter, Inc. will post -0.08 EPS for the current fiscal year.

More ZipRecruiter News

Here are the key news stories impacting ZipRecruiter this week:

• Positive Sentiment: Q2 results exceeded expectations: ZipRecruiter reported second-quarter revenue of approximately $118.1 million, ahead of forecasts, while adjusted earnings also beat consensus estimates. Coverage from Zacks cited a loss of $0.04 per share versus an expected loss of $0.06, compared with a $0.10 loss a year earlier. ZipRecruiter Q2 loss beats revenue estimates
• Positive Sentiment: Q3 guidance topped analyst expectations: Management forecast revenue of $118 million to $124 million for the third quarter, compared with consensus of $115.7 million. The company also targeted a 13% adjusted EBITDA margin, signaling expectations for continued profitability and operating discipline. ZipRecruiter Q3 revenue forecast
• Positive Sentiment: Goldman Sachs raised its price target: Goldman increased its target from $3.50 to $5.00, reflecting improved expectations following the results. However, it maintained a neutral rating, limiting the bullish signal. Goldman Sachs price target report
• Neutral Sentiment: CEO stock sales disclosed: CEO Ian H. Siegel sold a combined 19,444 shares at prices ranging from $4.42 to $4.55. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, reducing concerns that the sales necessarily reflect a change in his outlook, though they may still weigh modestly on sentiment. SEC insider trading filing

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Weiss Ratings raised ZipRecruiter from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, July 20th. UBS Group boosted their price objective on ZipRecruiter from $4.00 to $4.50 and gave the company a "neutral" rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group upped their target price on ZipRecruiter from $3.50 to $5.00 and gave the stock a "neutral" rating in a research note on Thursday. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ZipRecruiter presently has an average rating of "Reduce" and a consensus price target of $4.38.

Institutional Investors Weigh In On ZipRecruiter

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new stake in ZipRecruiter in the 3rd quarter valued at $42,000. Evoke Wealth LLC purchased a new stake in shares of ZipRecruiter in the fourth quarter valued at about $40,000. nVerses Capital LLC acquired a new stake in ZipRecruiter during the fourth quarter worth about $41,000. Mercer Global Advisors Inc. ADV acquired a new stake in ZipRecruiter during the third quarter worth about $44,000. Finally, Kemnay Advisory Services Inc. purchased a new position in ZipRecruiter during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 70.55% of the company's stock.

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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