Key Points
- CEO Ian Siegel sold 9,722 ZipRecruiter shares at an average price of $4.42, generating approximately $42,971. The Rule 10b5-1 transaction reduced his stake by 16.25% to 50,091 shares.
- ZipRecruiter recently reported quarterly results above analyst expectations, with revenue of about $118.1 million and a smaller-than-expected loss. Management’s third-quarter revenue guidance of $118 million to $124 million also exceeded consensus estimates.
- Analysts remain cautious: Goldman Sachs and UBS maintain neutral ratings, while the consensus view is “Reduce” with an average price target of $4.38.
ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) CEO Ian Siegel sold 9,722 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $4.42, for a total value of $42,971.24. Following the completion of the transaction, the chief executive officer owned 50,091 shares of the company's stock, valued at $221,402.22. This trade represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
ZipRecruiter Price Performance
Shares of ZipRecruiter stock opened at $4.66 on Friday. The firm has a market cap of $393.60 million, a PE ratio of 13.32 and a beta of 1.42. ZipRecruiter, Inc. has a 1 year low of $1.65 and a 1 year high of $5.61. The stock has a fifty day moving average price of $3.77 and a 200-day moving average price of $2.97.
ZipRecruiter (NYSE:ZIP - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.09. The company had revenue of $107.55 million during the quarter. As a group, equities analysts anticipate that ZipRecruiter, Inc. will post -0.08 EPS for the current fiscal year.
ZipRecruiter News Roundup
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
Hedge Funds Weigh In On ZipRecruiter
Several large investors have recently modified their holdings of the business. Caerus Investment Advisors LLC bought a new stake in shares of ZipRecruiter in the first quarter valued at approximately $25,000. Evoke Wealth LLC bought a new position in ZipRecruiter in the 4th quarter worth approximately $40,000. nVerses Capital LLC purchased a new position in ZipRecruiter in the 4th quarter valued at approximately $41,000. Quarry LP purchased a new position in ZipRecruiter in the 3rd quarter valued at approximately $42,000. Finally, Kemnay Advisory Services Inc. bought a new stake in ZipRecruiter during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 70.55% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on ZIP. The Goldman Sachs Group boosted their target price on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a "neutral" rating in a research note on Thursday. Weiss Ratings raised shares of ZipRecruiter from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, July 20th. Finally, UBS Group upped their price objective on ZipRecruiter from $4.00 to $4.50 and gave the company 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 stock. According to data from MarketBeat.com, ZipRecruiter currently has an average rating of "Reduce" and a consensus price target of $4.38.
Check Out Our Latest Analysis on ZIP
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
