Key Points
- Ian Siegel sold 9,722 ZipRecruiter shares on April 6 at an average price of $2.07 (totaling $20,124.54), trimming his position by 6.48% to 140,318 shares; the transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- ZipRecruiter shares traded around $1.96 (1‑year range $1.65–$6.55) with a market cap near $165M and a high PE (~97.8); analysts have cut targets (e.g., Barclays to $3, UBS to $2.50) leaving a consensus Hold rating and a $4 target, and institutional investors own about 70.6% of the stock.
ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) CEO Ian Siegel sold 9,722 shares of the firm's stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $2.07, for a total value of $20,124.54. Following the sale, the chief executive officer owned 140,318 shares of the company's stock, valued at approximately $290,458.26. This trade represents a 6.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
ZipRecruiter Price Performance
NYSE ZIP traded down $0.03 during mid-day trading on Wednesday, reaching $1.96. 720,658 shares of the company's stock traded hands, compared to its average volume of 1,393,572. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $6.55. The company has a quick ratio of 7.41, a current ratio of 7.41 and a debt-to-equity ratio of 39.98. The firm has a market cap of $165.03 million, a PE ratio of 97.80 and a beta of 1.07.
Wall Street Analyst Weigh In
ZIP has been the subject of several research reports. Barclays decreased their target price on ZipRecruiter from $5.00 to $3.00 and set an "equal weight" rating for the company in a research report on Thursday, February 26th. UBS Group decreased their target price on ZipRecruiter from $4.50 to $2.50 and set a "neutral" rating for the company in a research report on Thursday, February 26th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $4.00.
Get Our Latest Stock Analysis on ZIP
Institutional Trading of ZipRecruiter
Several hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its holdings in shares of ZipRecruiter by 30.6% in the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company's stock worth $808,000 after purchasing an additional 48,881 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of ZipRecruiter in the 4th quarter worth approximately $169,000. Invesco Ltd. lifted its holdings in shares of ZipRecruiter by 25.4% in the 4th quarter. Invesco Ltd. now owns 168,211 shares of the company's stock worth $656,000 after purchasing an additional 34,095 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of ZipRecruiter by 101.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 21,151 shares of the company's stock worth $82,000 after acquiring an additional 10,657 shares during the period. Finally, Sunstone Asset Management L.P. bought a new stake in ZipRecruiter in the 4th quarter valued at about $151,000. Institutional investors own 70.55% of the company's stock.
ZipRecruiter Company Profile
(
Get Free Report)
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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