ZipRecruiter (NYSE:ZIP) Stock: Insider Amy Garefis Sells 7,879 Shares

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 7,879 shares of ZipRecruiter stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $4.56, for a total value of $35,928.24. Following the transaction, the executive vice president directly owned 202,724 shares of the company’s stock, valued at $924,421.44. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 21st, Amy Garefis sold 7,837 shares of ZipRecruiter stock. The stock was sold at an average price of $3.80, for a total transaction of $29,780.60.
• On Thursday, August 20th, Amy Garefis sold 7,819 shares of ZipRecruiter stock. The shares were sold at an average price of $5.15, for a total transaction of $40,267.85.

ZipRecruiter Price Performance

Shares of NYSE ZIP opened at $4.67 on Friday. The company’s 50-day moving average price is $4.12 and its 200 day moving average price is $3.72. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $5.61.

ZipRecruiter (NYSE:ZIP) last posted its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.59. The business had revenue of $118.06 million for the quarter. Equities research analysts forecast that ZipRecruiter, Inc. will post -0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ZIP shares. Wall Street Zen downgraded ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 27th. Weiss Ratings raised ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. The Goldman Sachs Group increased 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. Finally, UBS Group raised their price target on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat, ZipRecruiter currently has an average rating of “Hold” and an average target price of $4.17.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Militia Capital Management LLC acquired a new stake in shares of ZipRecruiter during the 1st quarter worth about $399,000. Readystate Asset Management LP acquired a new position in shares of ZipRecruiter in the first quarter valued at approximately $347,000. AXQ Capital LP acquired a new position in shares of ZipRecruiter in the second quarter valued at approximately $38,000. Public Employees Retirement System of Ohio acquired a new position in shares of ZipRecruiter in the second quarter valued at approximately $241,000. Finally, Varde Management L.P. lifted its stake in shares of ZipRecruiter by 6.9% during the second 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 period. Institutional investors and hedge funds own 70.55% of the company’s stock.

About ZipRecruiter

ZipRecruiter, Inc (NYSE: ZIP) operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings, reach candidates across a broad network of recruiting channels, and manage applications through digital tools.

The company’s services are designed to support the hiring process from job advertising through candidate engagement. Features have included automated candidate matching, applicant invitations, resume search and related recruiting tools, while job seekers can search for available positions, create profiles and apply for jobs through the platform.

ZipRecruiter was founded in 2010 and initially focused on helping small and midsize businesses distribute job postings more efficiently.