ZipRecruiter (NYSE:ZIP) EVP Sells 7,837 Shares of Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 7,837 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $3.80, for a total value of $29,780.60. Following the sale, the executive vice president owned 210,603 shares of the company’s stock, valued at $800,291.40. The trade was a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 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 shares were sold at an average price of $3.95, for a total transaction of $31,532.85.

ZipRecruiter Stock Down 4.3%

Shares of NYSE:ZIP traded down $0.17 on Tuesday, reaching $3.71. The company had a trading volume of 596,943 shares, compared to its average volume of 915,034. The stock has a market capitalization of $305.48 million, a P/E ratio of 10.61 and a beta of 1.44. The stock has a 50-day moving average price of $4.25 and a 200 day moving average price of $3.46. ZipRecruiter, Inc. has a twelve month low of $1.65 and a twelve month high of $5.61.

ZipRecruiter (NYSE:ZIP) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.59. The firm had revenue of $118.06 million for the quarter. On average, sell-side analysts predict that ZipRecruiter, Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. 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 report on Wednesday, July 22nd. The Goldman Sachs Group increased their price objective on ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded ZipRecruiter from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Weiss Ratings upgraded ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 26th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.17.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in shares of ZipRecruiter by 3.4% during the 1st 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 holdings in shares of ZipRecruiter by 197.4% during the fourth quarter. UBS Group AG now owns 645,157 shares of the company’s stock worth $2,516,000 after buying an additional 428,232 shares in the last quarter. 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 bought a new position in ZipRecruiter during the 1st quarter worth approximately $399,000. Finally, Hsbc Holdings PLC lifted its stake in shares of ZipRecruiter by 30.6% in the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock valued at $808,000 after purchasing an additional 48,881 shares during the period. 70.55% of the stock is currently owned by institutional investors and hedge funds.

ZipRecruiter Company Profile

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.