ZipRecruiter (NYSE:ZIP) EVP Sells $31,532.85 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 7,983 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $3.95, for a total transaction of $31,532.85. Following the completion of the sale, the executive vice president owned 214,927 shares of the company’s stock, valued at approximately $848,961.65. The trade was a 3.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 Monday, June 15th, Amy Garefis sold 9,113 shares of ZipRecruiter stock. The stock was sold at an average price of $3.62, for a total value of $32,989.06.

ZipRecruiter Stock Performance

Shares of ZIP stock traded up $0.27 during trading hours on Tuesday, reaching $4.51. The company had a trading volume of 418,371 shares, compared to its average volume of 1,040,646. ZipRecruiter, Inc. has a 12-month low of $1.65 and a 12-month high of $5.61. The company has a market capitalization of $381.12 million, a price-to-earnings ratio of -16.12 and a beta of 1.43. The stock has a fifty day moving average of $3.61 and a 200-day moving average of $2.91.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09. The company had revenue of $107.55 million for the quarter. On average, analysts forecast that ZipRecruiter, Inc. will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Amundi acquired a new stake in shares of ZipRecruiter during the first quarter valued at about $70,000. AQR Capital Management LLC acquired a new position in shares of ZipRecruiter in the 1st quarter worth approximately $133,000. Goldman Sachs Group Inc. boosted its position in shares of ZipRecruiter by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 374,650 shares of the company’s stock worth $2,207,000 after purchasing an additional 35,256 shares during the period. Acadian Asset Management LLC increased its holdings in ZipRecruiter by 59.7% in the 1st quarter. Acadian Asset Management LLC now owns 92,053 shares of the company’s stock valued at $540,000 after purchasing an additional 34,424 shares during the last quarter. Finally, Creative Planning increased its holdings in ZipRecruiter by 20.5% in the 2nd quarter. Creative Planning now owns 29,838 shares of the company’s stock valued at $149,000 after purchasing an additional 5,069 shares during the last quarter. Hedge funds and other institutional investors own 70.55% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ZIP. The Goldman Sachs Group raised their price objective on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Weiss Ratings raised shares of ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 20th. Finally, UBS Group raised their price target on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $4.00.

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.