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

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 7,983 shares of ZipRecruiter stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $3.95, for a total transaction of $31,532.85. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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, 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 Price Performance

ZIP opened at $4.01 on Friday. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $5.61. The stock has a market cap of $338.48 million, a P/E ratio of -14.32 and a beta of 1.43. The stock’s 50 day simple moving average is $3.66 and its 200 day simple moving average is $2.92.

ZipRecruiter (NYSE:ZIP) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.09. The firm had revenue of $107.55 million for the quarter. Research analysts expect that ZipRecruiter, Inc. will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On ZipRecruiter

Several institutional investors and hedge funds have recently modified their holdings of the company. Amundi purchased a new stake in ZipRecruiter in the 1st quarter worth approximately $70,000. AQR Capital Management LLC acquired a new position in ZipRecruiter in the 1st quarter valued at $133,000. Goldman Sachs Group Inc. lifted its stake 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 lifted its stake in shares of ZipRecruiter by 59.7% during the 1st quarter. Acadian Asset Management LLC now owns 92,053 shares of the company’s stock worth $540,000 after purchasing an additional 34,424 shares during the period. Finally, Creative Planning boosted its holdings in shares of ZipRecruiter by 20.5% during the second quarter. Creative Planning now owns 29,838 shares of the company’s stock worth $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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ZIP shares. The Goldman Sachs Group boosted 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. UBS Group raised their target price on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of ZipRecruiter from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 20th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price 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.