Key Points
- ZipRecruiter EVP Ryan Sakamoto sold 2,978 shares at an average price of $4.39, generating $13,073.42. His remaining stake fell 2.44% to 119,112 shares, and the transaction was conducted under a pre-arranged Rule 10b5-1 plan.
- ZipRecruiter shares opened at $4.30, with a $353.6 million market capitalization; the stock has traded between $1.65 and $5.61 over the past year. The company recently reported quarterly EPS of $0.53, beating estimates by $0.59, on revenue of $118.06 million.
- Analyst sentiment remains cautious, with an average rating of “Reduce” and a consensus price target of $4.17. Institutional investors own approximately 70.55% of the company.
ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Ryan Sakamoto sold 2,978 shares of the firm's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $4.39, for a total value of $13,073.42. Following the completion of the sale, the executive vice president directly owned 119,112 shares of the company's stock, valued at approximately $522,901.68. This trade represents a 2.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
ZipRecruiter Trading Down 1.1%
NYSE:ZIP opened at $4.30 on Thursday. The business's fifty day moving average price is $4.14 and its 200 day moving average price is $3.19. The firm has a market capitalization of $353.59 million, a price-to-earnings ratio of 12.29 and a beta of 1.42. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $5.61.
ZipRecruiter (NYSE:ZIP - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.59. The business had revenue of $118.06 million for the quarter. Equities analysts forecast that ZipRecruiter, Inc. will post 0.16 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have recently commented on ZIP. Wall Street Zen upgraded shares of ZipRecruiter from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. UBS Group lifted 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. Weiss Ratings upgraded ZipRecruiter from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group raised their price target on ZipRecruiter from $3.50 to $5.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $4.17.
Get Our Latest Research Report on ZIP
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Caerus Investment Advisors LLC bought a new stake in ZipRecruiter in the first quarter worth $25,000. AXQ Capital LP bought a new position in ZipRecruiter during the second quarter valued at about $38,000. Evoke Wealth LLC acquired a new stake in shares of ZipRecruiter in the fourth quarter worth about $40,000. nVerses Capital LLC acquired a new stake in shares of ZipRecruiter in the fourth quarter worth about $41,000. Finally, Quarry LP bought a new stake in shares of ZipRecruiter during the 3rd quarter worth about $42,000. Institutional investors own 70.55% of the company's stock.
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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