Key Points
- ZipRecruiter EVP Ryan Sakamoto sold 2,978 shares at an average price of $4.54, generating $13,520.12. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by 2.35%.
- ZIP shares opened at $4.46, with a market capitalization of approximately $366 million, while the company’s latest quarterly results included EPS of $0.53, well above the consensus estimate of a $0.06 loss.
- Analysts maintain a consensus “Hold” rating with a $4.17 price target. Institutional investors and hedge funds own approximately 70.55% of ZipRecruitter’s shares.
ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Ryan Sakamoto sold 2,978 shares of the company's stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $4.54, for a total value of $13,520.12. Following the transaction, the executive vice president directly owned 123,699 shares in the company, valued at approximately $561,593.46. This trade represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
ZipRecruiter Stock Performance
Shares of NYSE:ZIP opened at $4.46 on Wednesday. ZipRecruiter, Inc. has a 52-week low of $1.65 and a 52-week high of $5.61. The business's 50 day simple moving average is $4.11 and its two-hundred day simple moving average is $3.33. The firm has a market cap of $366.32 million, a P/E ratio of 12.73 and a beta of 1.55.
ZipRecruiter (NYSE:ZIP - Get Free Report) last released its quarterly earnings data 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. On average, equities analysts forecast that ZipRecruiter, Inc. will post -0.26 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ZipRecruiter
Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in shares of ZipRecruiter by 3.4% in the first 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 last quarter. Varde Management L.P. raised its position in 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 last quarter. Militia Capital Management LLC purchased a new stake in ZipRecruiter in the 1st quarter valued at $399,000. Hsbc Holdings PLC lifted its stake in ZipRecruiter by 30.6% during the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company's stock valued at $808,000 after acquiring an additional 48,881 shares in the last quarter. Finally, Readystate Asset Management LP bought a new position in ZipRecruiter during the 1st quarter valued at $347,000. Institutional investors and hedge funds own 70.55% of the company's stock.
Analyst Ratings Changes
Several research firms recently issued reports on ZIP. The Goldman Sachs Group lifted their price target on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of ZipRecruiter from a "buy" rating to a "strong-buy" rating in a report on Saturday. UBS Group raised their price objective on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a "neutral" rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of ZipRecruiter from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 26th. Four analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, ZipRecruiter presently has a consensus rating of "Hold" and a consensus price target of $4.17.
Check Out Our Latest Stock Analysis on ZipRecruiter
About ZipRecruiter
(
Get Free Report)
ZipRecruiter, Inc operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings across a broad network of online channels, while helping candidates search for available positions and apply for roles.
The company uses technology and matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are designed for businesses of various sizes, including small and midsize employers, as well as staffing firms and larger organizations.
ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Kinnear.
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