ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Boris Shimanovsky sold 30,000 shares of the business's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $4.70, for a total transaction of $141,000.00. Following the completion of the transaction, the executive vice president owned 408,975 shares of the company's stock, valued at $1,922,182.50. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
ZipRecruiter Stock Performance
Shares of ZipRecruiter stock traded up $0.03 on Friday, reaching $3.75. 851,281 shares of the stock were exchanged, compared to its average volume of 604,966. The firm's 50 day moving average is $4.04 and its 200-day moving average is $3.38. ZipRecruiter, Inc. has a one year low of $1.65 and a one year high of $5.61. The firm has a market cap of $307.95 million, a PE ratio of 10.70 and a beta of 1.54.
ZipRecruiter (NYSE:ZIP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.59. The firm had revenue of $118.06 million during the quarter. On average, equities research analysts expect that ZipRecruiter, Inc. will post -0.26 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ZIP. The Goldman Sachs Group raised their target price on ZipRecruiter from $3.50 to $5.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Wall Street Zen downgraded ZipRecruiter from a "strong-buy" rating to a "buy" rating in a research report on Saturday. UBS Group upped their price objective on ZipRecruiter from $4.00 to $4.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised ZipRecruiter from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 27th. Four equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, ZipRecruiter has a consensus rating of "Hold" and an average target price of $4.17.
Read Our Latest Report on ZipRecruiter
Institutional Trading of ZipRecruiter
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Militia Capital Management LLC bought a new position in ZipRecruiter during the 1st quarter worth $399,000. Readystate Asset Management LP bought a new stake in shares of ZipRecruiter in the 1st quarter valued at about $347,000. State of Wyoming increased its stake in shares of ZipRecruiter by 458.9% in the third quarter. State of Wyoming now owns 123,918 shares of the company's stock valued at $435,000 after buying an additional 101,748 shares during the period. Sei Investments Co. bought a new position in shares of ZipRecruiter during the first quarter worth about $140,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of ZipRecruiter during the second quarter worth about $241,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.
ZipRecruiter Company Profile
(
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.
Further Reading
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