Key Points
- ZipRecruiter EVP Ryan Sakamoto sold 2,978 shares at an average price of $3.49, generating $10,393.22. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 2.30% to 126,677 shares.
- ZipRecruiter shares opened at $3.48, with a market capitalization of approximately $285.75 million. The company recently reported quarterly earnings of $0.53 per share, exceeding the consensus estimate of a $0.06 loss, on revenue of $118.06 million.
- Analysts maintain a consensus “Hold” rating with an average price target of $4.17, while institutional investors and hedge funds own 70.55% of the company’s stock.
ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Ryan Sakamoto sold 2,978 shares of the business's stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $3.49, for a total value of $10,393.22. Following the transaction, the executive vice president owned 126,677 shares in the company, valued at $442,102.73. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
ZipRecruiter Stock Down 1.0%
ZipRecruiter stock opened at $3.48 on Tuesday. The business has a 50 day moving average price of $4.21 and a two-hundred day moving average price of $3.48. ZipRecruiter, Inc. has a 12 month low of $1.65 and a 12 month high of $5.61. The stock has a market cap of $285.75 million, a price-to-earnings ratio of 9.93 and a beta of 1.44.
ZipRecruiter (NYSE:ZIP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.59. The firm had revenue of $118.06 million for the quarter. On average, analysts expect that ZipRecruiter, Inc. will post 0.16 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have weighed in on ZIP. UBS Group lifted their price target 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. Wall Street Zen cut shares of ZipRecruiter from a "strong-buy" rating to a "buy" rating in a research note on Sunday. The Goldman Sachs Group raised their price objective on shares of ZipRecruiter from $3.50 to $5.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of ZipRecruiter from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 26th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.17.
Get Our Latest Report on ZIP
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. AXQ Capital LP acquired a new position in ZipRecruiter in the second quarter worth $38,000. Caerus Investment Advisors LLC bought a new stake in shares of ZipRecruiter during the first quarter worth $25,000. Varde Management L.P. increased its stake in shares of ZipRecruiter by 6.9% in the second quarter. Varde Management L.P. now owns 371,456 shares of the company's stock valued at $1,393,000 after buying an additional 23,929 shares in the last quarter. Alpine Global Management LLC acquired a new stake in shares of ZipRecruiter in the fourth quarter valued at $169,000. Finally, Hsbc Holdings PLC raised its holdings in shares of ZipRecruiter by 30.6% in the fourth quarter. Hsbc Holdings PLC now owns 208,392 shares of the company's stock valued at $808,000 after buying an additional 48,881 shares during the last quarter. 70.55% of the stock is owned by institutional investors and hedge funds.
ZipRecruiter Company Profile
(
Get Free Report)
ZipRecruiter, Inc operates an online employment marketplace that connects employers with job seekers. Its platform allows businesses of various sizes to create and distribute job postings, manage applicants and communicate with candidates, while helping job seekers search for employment opportunities and apply for positions.
The company uses technology and data-driven matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are delivered primarily through its website and mobile applications, with tools designed to streamline recruiting, applicant management and hiring workflows.
ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Redd.
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