ZipRecruiter (NYSE:ZIP) EVP Amy Garefis Sells 7,879 Shares of Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 7,879 shares of the stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $4.56, for a total value of $35,928.24. Following the transaction, the executive vice president directly owned 202,724 shares in the company, valued at approximately $924,421.44. This represents a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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, September 21st, Amy Garefis sold 7,837 shares of ZipRecruiter stock. The shares were sold at an average price of $3.80, for a total value of $29,780.60.
• 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 value of $40,267.85.

ZipRecruiter Stock Performance

ZIP opened at $4.53 on Thursday. The business has a 50 day moving average price of $4.12 and a 200 day moving average price of $3.70. ZipRecruiter, Inc. has a twelve month low of $1.65 and a twelve month high of $5.61.

ZipRecruiter (NYSE:ZIP) last announced its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.59. The company had revenue of $118.06 million for the quarter. On average, research analysts expect that ZipRecruiter, Inc. will post -0.26 earnings per share for the current fiscal year.

Institutional Trading of ZipRecruiter

Several hedge funds have recently added to or reduced their stakes in the business. AXQ Capital LP acquired a new stake in ZipRecruiter in the 2nd quarter valued at approximately $38,000. Caerus Investment Advisors LLC bought a new position in ZipRecruiter in the 1st quarter worth approximately $25,000. Public Employees Retirement System of Ohio acquired a new position in shares of ZipRecruiter during the second quarter worth approximately $241,000. Militia Capital Management LLC acquired a new position in shares of ZipRecruiter during the first quarter worth approximately $134,000. Finally, Sei Investments Co. acquired a new position in shares of ZipRecruiter during the first quarter worth approximately $140,000. Institutional investors own 70.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of ZipRecruiter from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. UBS Group lifted 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 lifted their target price on shares of ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised shares of ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 26th. Four equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, ZipRecruiter currently has a consensus rating of “Hold” and an average target price of $4.17.

ZipRecruiter Company Profile

ZipRecruiter, Inc (NYSE: ZIP) operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings, reach candidates across a broad network of recruiting channels, and manage applications through digital tools.

The company’s services are designed to support the hiring process from job advertising through candidate engagement. Features have included automated candidate matching, applicant invitations, resume search and related recruiting tools, while job seekers can search for available positions, create profiles and apply for jobs through the platform.

ZipRecruiter was founded in 2010 and initially focused on helping small and midsize businesses distribute job postings more efficiently.