Key Points
- ZipRecruiter CEO Ian Siegel sold 9,722 shares at an average price of $3.09 on May 5 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 6.93% to 130,596 shares (worth about $403,542).
- ZipRecruiter beat quarterly EPS expectations, reporting a loss of ($0.06) vs. consensus ($0.15) on $107.55 million of revenue; the stock trades around $3.11 with a market cap near $262.9M, while analysts carry a consensus "Reduce" rating and an average $4.00 price target after recent downgrades.
ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) CEO Ian Siegel sold 9,722 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $3.09, for a total transaction of $30,040.98. Following the completion of the sale, the chief executive officer directly owned 130,596 shares in the company, valued at $403,541.64. This trade represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
ZipRecruiter Stock Performance
ZipRecruiter stock opened at $3.11 on Friday. The company's 50 day simple moving average is $2.43 and its 200-day simple moving average is $3.28. The company has a market capitalization of $262.85 million, a price-to-earnings ratio of -8.90 and a beta of 1.47. ZipRecruiter, Inc. has a 1 year low of $1.65 and a 1 year high of $6.55.
ZipRecruiter (NYSE:ZIP - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.09. The company had revenue of $107.55 million during the quarter. Equities analysts expect that ZipRecruiter, Inc. will post -0.16 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on ZIP. Weiss Ratings began coverage on shares of ZipRecruiter in a research note on Tuesday, April 7th. They issued a "sell (e+)" rating on the stock. UBS Group cut their target price on shares of ZipRecruiter from $4.50 to $2.50 and set a "neutral" rating on the stock in a research note on Thursday, February 26th. Finally, Barclays cut their target price on shares of ZipRecruiter from $5.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 26th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, ZipRecruiter has a consensus rating of "Reduce" and an average price target of $4.00.
View Our Latest Analysis on ZipRecruiter
Institutional Investors Weigh In On ZipRecruiter
Large investors have recently added to or reduced their stakes in the business. Disciplined Growth Investors Inc. MN increased its holdings in shares of ZipRecruiter by 178.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company's stock valued at $22,587,000 after acquiring an additional 2,886,725 shares during the last quarter. Renaissance Technologies LLC lifted its stake in ZipRecruiter by 2.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,858,000 shares of the company's stock worth $7,246,000 after purchasing an additional 47,600 shares during the last quarter. Millennium Management LLC lifted its stake in ZipRecruiter by 99.0% during the third quarter. Millennium Management LLC now owns 1,496,767 shares of the company's stock worth $6,316,000 after purchasing an additional 744,805 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in ZipRecruiter by 2.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,441,616 shares of the company's stock worth $5,622,000 after purchasing an additional 38,918 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in ZipRecruiter by 5.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 803,229 shares of the company's stock worth $3,133,000 after purchasing an additional 38,351 shares during the last quarter. 70.55% of the stock is owned by hedge funds and other institutional investors.
About ZipRecruiter
(
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.
Further Reading
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