Key Points
- ZipRecruiter EVP Amy Garefis sold 7,983 shares at an average price of $3.95, generating $31,532.85. The Rule 10b5-1 transaction reduced her direct holdings by 3.58% to 214,927 shares.
- ZipRecruiter shares opened at $4.26, with a market capitalization of approximately $360 million and a 52-week range of $1.65 to $5.61. The company recently reported a quarterly loss of $0.06 per share, beating the consensus estimate of a $0.15 loss.
- Analyst sentiment remains cautious: four analysts rate the stock Hold and one rates it Sell, producing a consensus Reduce rating and an average price target of $4.00.
ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Ryan Sakamoto sold 3,547 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $3.91, for a total value of $13,868.77. Following the transaction, the executive vice president directly owned 122,090 shares of the company's stock, valued at approximately $477,371.90. The trade was a 2.82% decrease in their ownership of the stock. The sale 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
NYSE ZIP opened at $4.26 on Wednesday. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $5.61. The business has a 50 day simple moving average of $3.62 and a two-hundred day simple moving average of $2.91. The stock has a market capitalization of $360.01 million, a PE ratio of -15.23 and a beta of 1.43.
ZipRecruiter (NYSE:ZIP - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.09. The firm had revenue of $107.55 million for the quarter. On average, analysts anticipate that ZipRecruiter, Inc. will post -0.08 EPS for the current fiscal year.
Institutional Investors Weigh In On ZipRecruiter
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Militia Capital Management LLC purchased a new stake in ZipRecruiter during the first quarter valued at approximately $399,000. Caerus Investment Advisors LLC purchased a new position in shares of ZipRecruiter in the 1st quarter worth approximately $25,000. Readystate Asset Management LP bought a new position in shares of ZipRecruiter during the 1st quarter valued at approximately $347,000. Renaissance Technologies LLC increased its position in shares of ZipRecruiter by 3.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company's stock valued at $3,534,000 after purchasing an additional 62,900 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in ZipRecruiter during the 1st quarter valued at $140,000. 70.55% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of ZipRecruiter from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, July 20th. The Goldman Sachs Group increased their price objective on shares of ZipRecruiter from $3.00 to $3.50 and gave the company a "neutral" rating in a research report on Monday, May 11th. Finally, UBS Group lifted their price objective on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 22nd. Four research 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 stock presently has an average rating of "Reduce" and a consensus price target of $4.00.
View Our Latest Analysis on ZipRecruiter
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.
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