Key Points
- CEO Ian Siegel sold 9,722 ZipRecruiter shares at an average price of $3.48, receiving $33,832.56. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 4.87% to 189,729 shares.
- ZipRecruiter reported quarterly EPS of $0.53, surpassing the consensus estimate of a $0.06 loss, on revenue of $118.06 million. Analysts expect a full-year loss of $0.26 per share.
- The stock opened at $3.58 and has a consensus analyst rating of Hold, with an average price target of $4.17; institutional investors and hedge funds own 70.55% of the shares.
ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) CEO Ian Siegel sold 9,722 shares of the business's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $3.48, for a total transaction of $33,832.56. Following the completion of the transaction, the chief executive officer owned 189,729 shares in the company, valued at $660,256.92. The trade was a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 Price Performance
ZipRecruiter stock opened at $3.58 on Tuesday. The firm has a 50 day simple moving average of $4.16 and a 200-day simple moving average of $3.51. The stock has a market cap of $294.79 million, a price-to-earnings ratio of 10.24 and a beta of 1.55. 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 quarterly earnings results on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.59. The firm had revenue of $118.06 million for the quarter. Equities analysts expect that ZipRecruiter, Inc. will post -0.26 earnings per share for the current fiscal year.
Institutional Trading of ZipRecruiter
Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in ZipRecruiter by 3.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company's stock worth $3,534,000 after purchasing an additional 62,900 shares during the period. Varde Management L.P. boosted its stake in shares of ZipRecruiter by 6.9% in the 2nd 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 during the period. Hsbc Holdings PLC boosted its stake in shares of ZipRecruiter by 30.6% in the 4th 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 period. Militia Capital Management LLC acquired a new position in shares of ZipRecruiter during the first quarter worth about $399,000. Finally, Readystate Asset Management LP acquired a new position in shares of ZipRecruiter during the first quarter worth about $347,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Wall Street Zen lowered ZipRecruiter from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 27th. Weiss Ratings upgraded shares of ZipRecruiter from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 26th. The Goldman Sachs Group boosted their price objective on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Finally, UBS Group upped their target price on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a "neutral" rating in a research report on Wednesday, July 22nd. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $4.17.
Check Out Our Latest Stock Report on ZIP
ZipRecruiter Company Profile
(
Get Free Report)
ZipRecruiter, Inc (NYSE: ZIP) operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings, reach candidates across a broad network of recruiting channels, and manage applications through digital tools.
The company's services are designed to support the hiring process from job advertising through candidate engagement. Features have included automated candidate matching, applicant invitations, resume search and related recruiting tools, while job seekers can search for available positions, create profiles and apply for jobs through the platform.
ZipRecruiter was founded in 2010 and initially focused on helping small and midsize businesses distribute job postings more efficiently.
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