Amy Garefis Sells 9,113 Shares of ZipRecruiter (NYSE:ZIP) Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 9,113 shares of the company’s 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 owned 222,910 shares in the company, valued at approximately $806,934.20. This represents a 3.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 Down 7.9%

Shares of NYSE ZIP traded down $0.27 during midday trading on Wednesday, hitting $3.10. The stock had a trading volume of 546,992 shares, compared to its average volume of 1,117,513. The business’s 50 day moving average is $3.09 and its 200-day moving average is $3.08. The company has a market cap of $261.25 million, a P/E ratio of -11.05 and a beta of 1.49. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $5.61.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays decreased their price objective on shares of ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. UBS Group upped their target price on shares of ZipRecruiter from $2.50 to $3.50 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings started coverage on shares of ZipRecruiter in a research report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. Finally, The Goldman Sachs Group increased their price objective on shares of ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $3.75.

Hedge Funds Weigh In On ZipRecruiter

A number of large investors have recently bought and sold shares of ZIP. Amundi bought a new position in ZipRecruiter in the first quarter worth approximately $70,000. AQR Capital Management LLC bought a new position in ZipRecruiter in the first quarter worth approximately $133,000. Goldman Sachs Group Inc. raised its stake in ZipRecruiter by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 374,650 shares of the company’s stock worth $2,207,000 after buying an additional 35,256 shares in the last quarter. Acadian Asset Management LLC raised its stake in ZipRecruiter by 59.7% in the first quarter. Acadian Asset Management LLC now owns 92,053 shares of the company’s stock worth $540,000 after buying an additional 34,424 shares in the last quarter. Finally, Creative Planning raised its stake in ZipRecruiter by 20.5% in the second quarter. Creative Planning now owns 29,838 shares of the company’s stock worth $149,000 after buying an additional 5,069 shares in the last quarter. Institutional investors 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.