Amy Garefis Sells 7,819 Shares of ZipRecruiter (NYSE:ZIP) Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 7,819 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $5.15, for a total value of $40,267.85. Following the transaction, the executive vice president owned 207,108 shares in the company, valued at approximately $1,066,606.20. This trade represents a 3.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were sold at an average price of $3.95, for a total transaction 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 transaction of $32,989.06.

ZipRecruiter Trading Down 17.8%

NYSE ZIP opened at $4.25 on Friday. The company has a fifty day simple moving average of $4.08 and a 200 day simple moving average of $3.14. The company has a market cap of $349.48 million, a P/E ratio of 12.14 and a beta of 1.42. ZipRecruiter, Inc. has a 1 year low of $1.65 and a 1 year high of $5.61.

ZipRecruiter (NYSE:ZIP) last posted its earnings results 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. Equities research analysts forecast that ZipRecruiter, Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZIP has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. UBS Group increased their target price on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Weiss Ratings raised ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised ZipRecruiter from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $4.17.

Institutional Trading of ZipRecruiter

Several institutional investors have recently modified their holdings of the company. AXQ Capital LP bought a new stake in shares of ZipRecruiter during the second quarter valued at approximately $38,000. Public Employees Retirement System of Ohio bought a new position in ZipRecruiter in the second quarter worth $241,000. Militia Capital Management LLC acquired a new stake in ZipRecruiter during the first quarter worth $399,000. Caerus Investment Advisors LLC acquired a new stake in ZipRecruiter during the first quarter worth $25,000. Finally, Readystate Asset Management LP acquired a new stake in ZipRecruiter during the first quarter worth $347,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

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.