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

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 9,113 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $3.62, for a total value of $32,989.06. Following the completion of the sale, the executive vice president directly 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 Securities & Exchange Commission, which is available through this link. 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 Price Performance

Shares of ZIP stock opened at $3.10 on Thursday. The stock’s fifty day simple moving average is $3.11 and its 200 day simple moving average is $3.07. The firm has a market cap of $261.26 million, a price-to-earnings ratio of -11.05 and a beta of 1.49. ZipRecruiter, Inc. has a one year low of $1.65 and a one year high of $5.61.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.09. The company had revenue of $107.55 million during the quarter. On average, research analysts anticipate that ZipRecruiter, Inc. will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZIP. Amundi acquired a new position in ZipRecruiter in the first quarter valued at about $70,000. AQR Capital Management LLC acquired a new position in ZipRecruiter in the first quarter valued at about $133,000. Goldman Sachs Group Inc. grew 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 valued at $2,207,000 after acquiring an additional 35,256 shares during the period. Acadian Asset Management LLC grew 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 valued at $540,000 after acquiring an additional 34,424 shares during the period. Finally, Creative Planning grew its stake in ZipRecruiter by 20.5% in the second quarter. Creative Planning now owns 29,838 shares of the company’s stock valued at $149,000 after acquiring an additional 5,069 shares during the period. 70.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZIP has been the subject of a number of recent research reports. Weiss Ratings initiated coverage on ZipRecruiter in a research report on Tuesday, April 7th. They set a “sell (e+)” rating for the company. Barclays dropped their price objective on 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 price objective on ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, The Goldman Sachs Group upped their price objective on ZipRecruiter from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Monday, May 11th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $3.75.

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.