ZipRecruiter (NYSE:ZIP) EVP Sells $32,989.06 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 9,113 shares of ZipRecruiter stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $3.62, for a total transaction of $32,989.06. Following the completion of the transaction, the executive vice president directly owned 222,910 shares in the company, valued at approximately $806,934.20. The trade was a 3.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

ZipRecruiter Stock Performance

ZIP stock traded down $0.27 during trading on Wednesday, reaching $3.10. The company had a trading volume of 546,992 shares, compared to its average volume of 1,117,513. The firm has a 50-day simple moving average of $3.09 and a 200-day simple moving average of $3.08. The company has a market cap of $261.25 million, a price-to-earnings ratio of -11.05 and a beta of 1.49. ZipRecruiter, Inc. has a twelve month low of $1.65 and a twelve month high of $5.61.

ZipRecruiter (NYSE:ZIP) last released its earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09. The company had revenue of $107.55 million during the quarter. Sell-side analysts expect that ZipRecruiter, Inc. will post -0.05 earnings per share for the current year.

Institutional Trading of ZipRecruiter

Several institutional investors and hedge funds have recently bought and sold shares of the business. Disciplined Growth Investors Inc. MN lifted its stake in ZipRecruiter by 178.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock valued at $22,587,000 after acquiring an additional 2,886,725 shares during the period. Renaissance Technologies LLC lifted its stake in ZipRecruiter by 3.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock valued at $3,534,000 after acquiring an additional 62,900 shares during the period. Millennium Management LLC lifted its stake in ZipRecruiter by 99.0% during the 3rd quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock valued at $6,316,000 after acquiring an additional 744,805 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in ZipRecruiter by 2.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,441,616 shares of the company’s stock valued at $5,622,000 after acquiring an additional 38,918 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in ZipRecruiter by 5.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 803,229 shares of the company’s stock valued at $3,133,000 after acquiring an additional 38,351 shares during the period. 70.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on ZIP. UBS Group lifted their target price on shares of ZipRecruiter from $2.50 to $3.50 and gave the stock a “neutral” rating in a research note on Friday, May 8th. The Goldman Sachs Group lifted their target price on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Barclays lowered their target price on shares of ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Finally, Weiss Ratings began coverage on shares of ZipRecruiter in a research note on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $3.75.

ZipRecruiter Company Profile

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.