ZipRecruiter (NYSE:ZIP) EVP Sells $40,267.85 in 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 transaction of $40,267.85. Following the completion of the sale, the executive vice president owned 207,108 shares in the company, valued at $1,066,606.20. This represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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.
• On Monday, June 15th, Amy Garefis sold 9,113 shares of ZipRecruiter stock. The shares were sold at an average price of $3.62, for a total transaction of $32,989.06.

ZipRecruiter Stock Performance

ZIP opened at $4.25 on Monday. The firm’s fifty day moving average is $4.08 and its two-hundred day moving average is $3.15. The firm has a market cap of $349.48 million, a PE ratio of 12.14 and a beta of 1.42. ZipRecruiter, Inc. has a twelve month low of $1.65 and a twelve month high of $5.61.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The firm had revenue of $118.06 million for the quarter. 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 hedge funds and other institutional investors have recently bought and sold shares of ZIP. Disciplined Growth Investors Inc. MN grew its stake in shares of ZipRecruiter by 178.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company’s stock worth $22,587,000 after acquiring an additional 2,886,725 shares in the last quarter. Millennium Management LLC raised its holdings in shares of 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 during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of ZipRecruiter by 63.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,402,698 shares of the company’s stock worth $5,919,000 after purchasing an additional 542,795 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in shares of ZipRecruiter by 544.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 513,353 shares of the company’s stock worth $2,002,000 after purchasing an additional 433,727 shares in the last quarter. Finally, UBS Group AG boosted its holdings in 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 purchasing an additional 428,232 shares during the last quarter. Institutional investors and hedge funds own 70.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ZIP shares. UBS Group lifted their price objective on ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group increased their target price on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of ZipRecruiter from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised shares of ZipRecruiter from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $4.17.

ZipRecruiter Company Profile

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.