Key Points
- ZipRecruiter EVP Boris Shimanovsky sold 67,937 shares for about $377,730, cutting his direct holdings by 16.61% to 341,038 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- ZipRecruiter reported quarterly EPS of $0.06, beating analysts’ estimate of a $0.11 loss, on revenue of $124.44 million.
- Analysts’ consensus rating was Hold, with a consensus price target of $4.33; UBS and Goldman Sachs each set a $5 price target with neutral ratings.
ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Boris Shimanovsky sold 67,937 shares of the stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $5.56, for a total value of $377,729.72. Following the sale, the executive vice president directly owned 341,038 shares in the company, valued at approximately $1,896,171.28. This trade represents a 16.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
ZipRecruiter Stock Performance
Shares of NYSE ZIP opened at $5.65 on Friday. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $6.72. The stock's fifty day moving average is $4.15 and its 200 day moving average is $3.44.
ZipRecruiter (NYSE:ZIP - Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.17. The firm had revenue of $124.44 million for the quarter. On average, analysts predict that ZipRecruiter, Inc. will post -0.01 earnings per share for the current fiscal year.
Analyst Ratings Changes
ZIP has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of ZipRecruiter from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 7th. Weiss Ratings lowered shares of ZipRecruiter from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday. UBS Group lifted their price objective on shares of ZipRecruiter from $4.50 to $5.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, 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 research report on Thursday, August 6th. Four research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, ZipRecruiter currently has a consensus rating of "Hold" and a consensus target price of $4.33.
Read Our Latest Report on ZIP
ZipRecruiter News Summary
Here's some of the latest news about ZIP:
- Positive Sentiment: Another report noted a lift in its fair-value estimate following an analyst price-target increase, adding to the constructive outlook. Fair value estimate increased
- Positive Sentiment: ZipRecruiter’s third-quarter revenue rose 8.2%, while marketplace engagement metrics reached all-time highs—signs of stronger platform activity. Its latest reported EPS of $0.06 also topped the cited analyst consensus estimate of a loss of $0.11. Q3 revenue and engagement results
- Negative Sentiment: EVP Boris Shimanovsky sold 67,937 shares, reducing his direct holdings by 16.61%. The sale was executed through a pre-arranged Rule 10b5-1 plan, which may temper concerns that it reflects a new view of the company. SEC filing for insider sale
Institutional Trading of ZipRecruiter
Institutional investors and hedge funds have recently modified their holdings of the business. Focus Advisor Solutions LLC acquired a new stake in ZipRecruiter in the third quarter valued at about $43,000. Royce & Associates LP acquired a new position in ZipRecruiter during the third quarter worth about $61,000. Russell Investments Group Ltd. raised its stake in ZipRecruiter by 7.7% during the third quarter. Russell Investments Group Ltd. now owns 155,420 shares of the company's stock worth $546,000 after acquiring an additional 11,112 shares in the last quarter. R Squared Ltd acquired a new position in ZipRecruiter during the third quarter worth about $50,000. Finally, Ritholtz Wealth Management bought a new position in shares of ZipRecruiter in the third quarter worth about $39,000. 70.55% of the stock is currently owned by institutional investors.
About ZipRecruiter
(
Get Free Report)
ZipRecruiter, Inc. operates an online employment marketplace that connects businesses with job seekers. Employers can create and manage job listings, while candidates can search and apply for openings through the company's website and mobile applications. The platform uses technology to match job seekers with relevant opportunities and help employers identify potential candidates. Its services include tools for posting jobs, managing applications, and finding or inviting candidates to apply. Founded in 2010, ZipRecruiter is headquartered in Santa Monica, California, and primarily serves employers and job seekers in the United States, with operations also serving select international markets.
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