Amy Garefis Sells 7,983 Shares of ZipRecruiter (NYSE:ZIP) Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 7,983 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $3.95, for a total value of $31,532.85. Following the completion of the sale, the executive vice president directly owned 214,927 shares in the company, valued at approximately $848,961.65. The trade was a 3.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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, 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 Stock Down 2.9%

ZIP opened at $4.15 on Thursday. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $5.61. The business has a fifty day simple moving average of $3.64 and a 200-day simple moving average of $2.92. The firm has a market cap of $350.13 million, a P/E ratio of -14.81 and a beta of 1.43.

ZipRecruiter (NYSE:ZIP) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.09. The firm had revenue of $107.55 million during the quarter. Sell-side analysts expect that ZipRecruiter, Inc. will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On ZipRecruiter

Several institutional investors have recently modified their holdings of ZIP. Disciplined Growth Investors Inc. MN increased its holdings in shares of ZipRecruiter by 178.0% in 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 last quarter. Renaissance Technologies LLC lifted its stake in 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 purchasing an additional 62,900 shares during the last quarter. Millennium Management LLC boosted its holdings in ZipRecruiter by 99.0% in the third quarter. Millennium Management LLC now owns 1,496,767 shares of the company’s stock valued at $6,316,000 after purchasing an additional 744,805 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in ZipRecruiter by 2.8% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,441,616 shares of the company’s stock valued at $5,622,000 after purchasing an additional 38,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in ZipRecruiter by 5.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 803,229 shares of the company’s stock valued at $3,133,000 after purchasing an additional 38,351 shares during the last quarter. 70.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report on Monday, May 11th. UBS Group upped 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. Finally, Weiss Ratings upgraded shares of ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 20th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ZipRecruiter has a consensus rating of “Reduce” and an average price target of $4.00.

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.