Insider Selling: ZipRecruiter (NYSE:ZIP) EVP Sells $35,928.24 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 7,879 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $4.56, for a total value of $35,928.24. Following the completion of the transaction, the executive vice president directly owned 202,724 shares of the company’s stock, valued at approximately $924,421.44. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a 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, September 21st, Amy Garefis sold 7,837 shares of ZipRecruiter stock. The stock was 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 Price Performance

Shares of ZIP stock opened at $4.66 on Friday. The stock’s fifty day simple moving average is $4.12 and its 200 day simple moving average is $3.73. The firm has a market cap of $382.78 million, a price-to-earnings ratio of 13.30 and a beta of 1.55. 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 Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.59. The company had revenue of $118.06 million during the quarter. On average, research analysts anticipate that ZipRecruiter, Inc. will post -0.26 earnings per share for the current year.

Institutional Investors Weigh In On ZipRecruiter

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citizens Financial Group Inc. RI increased its stake in shares of ZipRecruiter by 6.4% in the third quarter. Citizens Financial Group Inc. RI now owns 37,647 shares of the company’s stock valued at $132,000 after buying an additional 2,264 shares in the last quarter. AXQ Capital LP bought a new position in shares of ZipRecruiter in the second quarter valued at about $38,000. Caerus Investment Advisors LLC bought a new position in shares of ZipRecruiter in the first quarter valued at about $25,000. Varde Management L.P. lifted its position in ZipRecruiter by 6.9% during the 2nd quarter. Varde Management L.P. now owns 371,456 shares of the company’s stock worth $1,393,000 after buying an additional 23,929 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in ZipRecruiter by 30.6% during the 4th quarter. Hsbc Holdings PLC now owns 208,392 shares of the company’s stock worth $808,000 after buying an additional 48,881 shares in the last quarter. 70.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ZIP shares. UBS Group increased their target price on shares of ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group boosted their price target on shares of ZipRecruiter from $3.50 to $5.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of ZipRecruiter from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Weiss Ratings raised shares of ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. Four analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, ZipRecruiter presently has a consensus rating of “Hold” and an average target price of $4.17.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects businesses with job seekers. Its platform enables employers to create and distribute job postings across a broad network of online channels, while helping candidates search for available positions and apply for roles.

The company uses technology and matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are designed for businesses of various sizes, including small and midsize employers, as well as staffing firms and larger organizations.

ZipRecruiter was founded in 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Kinnear.