ZipRecruiter (NYSE:ZIP) EVP Amy Garefis Sells 7,837 Shares

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 7,837 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $3.80, for a total transaction of $29,780.60. Following the sale, the executive vice president owned 210,603 shares in the company, valued at $800,291.40. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 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.
• 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 transaction of $31,532.85.

ZipRecruiter Trading Down 4.3%

Shares of NYSE ZIP opened at $3.71 on Wednesday. The stock has a market cap of $305.48 million, a P/E ratio of 10.61 and a beta of 1.44. The business’s fifty day simple moving average is $4.25 and its 200-day simple moving average is $3.46. ZipRecruiter, Inc. has a 12-month low of $1.65 and a 12-month high of $5.61.

ZipRecruiter (NYSE:ZIP) last released its earnings results on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.59. The company had revenue of $118.06 million for the quarter. On average, equities analysts forecast that ZipRecruiter, Inc. will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On ZipRecruiter

A number of institutional investors and hedge funds have recently made changes to their positions in ZIP. Renaissance Technologies LLC boosted its stake in shares of ZipRecruiter by 3.4% during the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company’s stock worth $3,534,000 after buying an additional 62,900 shares during the period. UBS Group AG increased its position in ZipRecruiter by 197.4% in the 4th quarter. UBS Group AG now owns 645,157 shares of the company’s stock valued at $2,516,000 after acquiring an additional 428,232 shares during the period. Varde Management L.P. increased its position in ZipRecruiter by 6.9% in the 2nd quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock valued at $1,393,000 after acquiring an additional 23,929 shares during the period. Militia Capital Management LLC purchased a new stake in ZipRecruiter during the 1st quarter valued at approximately $399,000. Finally, Hsbc Holdings PLC raised its stake in ZipRecruiter by 30.6% during the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock valued at $808,000 after acquiring an additional 48,881 shares during the last quarter. 70.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on ZIP. UBS Group boosted their target price on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Weiss Ratings raised ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 26th. Wall Street Zen upgraded ZipRecruiter from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, The Goldman Sachs Group raised their target price on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.17.

About ZipRecruiter

ZipRecruiter, Inc operates an online employment marketplace that connects employers with job seekers. Its platform allows businesses of various sizes to create and distribute job postings, manage applicants and communicate with candidates, while helping job seekers search for employment opportunities and apply for positions.

The company uses technology and data-driven matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are delivered primarily through its website and mobile applications, with tools designed to streamline recruiting, applicant management and hiring workflows.

ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Redd.