ZipRecruiter (NYSE:ZIP) EVP Sells $40,267.85 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 7,819 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $5.15, for a total value of $40,267.85. Following the sale, the executive vice president owned 207,108 shares in the company, valued at approximately $1,066,606.20. The trade was a 3.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amy Garefis also recently made the following trade(s):

• On Monday, July 20th, Amy Garefis sold 7,983 shares of ZipRecruiter stock. The stock was sold at an average price of $3.95, for a total value of $31,532.85.
• On Monday, June 15th, Amy Garefis sold 9,113 shares of ZipRecruiter stock. The stock was sold at an average price of $3.62, for a total value of $32,989.06.

ZipRecruiter Price Performance

NYSE:ZIP traded down $0.92 during midday trading on Friday, hitting $4.25. The company’s stock had a trading volume of 2,989,241 shares, compared to its average volume of 1,039,132. ZipRecruiter, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $5.61. The firm’s 50 day moving average is $4.07 and its 200-day moving average is $3.13. The firm has a market cap of $349.46 million, a P/E ratio of 12.14 and a beta of 1.42.

ZipRecruiter (NYSE:ZIP) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The business had revenue of $118.06 million for the quarter. As a group, analysts forecast that ZipRecruiter, Inc. will post 0.16 EPS for the current year.

Institutional Investors Weigh In On ZipRecruiter

Hedge funds have recently modified their holdings of the company. AXQ Capital LP acquired a new stake in shares of ZipRecruiter during the 2nd quarter valued at about $38,000. Public Employees Retirement System of Ohio acquired a new stake in ZipRecruiter in the second quarter valued at approximately $241,000. Militia Capital Management LLC purchased a new stake in shares of ZipRecruiter in the first quarter valued at approximately $399,000. Caerus Investment Advisors LLC acquired a new position in shares of ZipRecruiter during the 1st quarter worth approximately $25,000. Finally, Readystate Asset Management LP acquired a new position in shares of ZipRecruiter during the 1st quarter worth approximately $347,000. 70.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on ZIP shares. Weiss Ratings raised ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. UBS Group raised their target price on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded ZipRecruiter from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, The Goldman Sachs Group upped their price objective on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ZipRecruiter presently has an average rating of “Reduce” and a consensus target price of $4.17.

About ZipRecruiter

ZipRecruiter, Inc operates an online employment marketplace that connects job seekers and employers. Its platform provides various solutions, such as job posting, online interviews, job alerts, match scores, and application updates. The company was incorporated in 2010 and is based in Santa Monica, California.