Insider Selling: ZipRecruiter (NYSE:ZIP) EVP Sells 7,879 Shares of Stock

by · The Cerbat Gem

ZipRecruiter, Inc. (NYSE:ZIP – Get Free Report) EVP Amy Garefis sold 7,879 shares of ZipRecruiter stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $4.56, for a total transaction of $35,928.24. Following the transaction, the executive vice president directly owned 202,724 shares in the company, valued at $924,421.44. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $3.80, for a total transaction 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 transaction of $40,267.85.

ZipRecruiter Stock Performance

Shares of NYSE ZIP traded down $0.03 during midday trading on Wednesday, reaching $4.53. 571,530 shares of the stock were exchanged, compared to its average volume of 988,751. The company has a 50 day simple moving average of $4.13 and a 200 day simple moving average of $3.69. The stock has a market capitalization of $372.09 million, a P/E ratio of 12.93 and a beta of 1.55. ZipRecruiter, Inc. has a twelve month low of $1.65 and a twelve month high of $5.61.

ZipRecruiter (NYSE:ZIP – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.59. The firm 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 year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wall Street Zen cut ZipRecruiter from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 27th. Weiss Ratings raised ZipRecruiter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. UBS Group increased their price target on ZipRecruiter from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group increased their price target on ZipRecruiter from $3.50 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.17.

Get Our Latest Analysis on ZipRecruiter

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. AXQ Capital LP purchased a new position in shares of ZipRecruiter during the second quarter worth $38,000. Caerus Investment Advisors LLC acquired a new stake in shares of ZipRecruiter in the first quarter valued at $25,000. Public Employees Retirement System of Ohio acquired a new stake in shares of ZipRecruiter in the second quarter valued at $241,000. Militia Capital Management LLC purchased a new stake in shares of ZipRecruiter in the 1st quarter valued at $134,000. Finally, Sei Investments Co. purchased a new stake in shares of ZipRecruiter in the 1st quarter valued at $140,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.

About ZipRecruiter

(Get Free Report)

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.

Featured Articles