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

ZipRecruiter, Inc. (NYSE:ZIP) EVP Amy Garefis sold 9,113 shares of the 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 transaction, the executive vice president owned 222,910 shares of the company’s stock, valued at $806,934.20. This trade represents a 3.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 Trading Down 1.8%

Shares of ZIP opened at $3.06 on Friday. The business’s 50-day moving average price is $3.14 and its 200 day moving average price is $3.06. The stock has a market capitalization of $257.87 million, a P/E ratio of -10.91 and a beta of 1.49. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $5.61.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented 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 note on Monday, May 11th. UBS Group increased their target price on ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a report on Friday, May 8th. Barclays decreased their target price on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Finally, Weiss Ratings started coverage on ZipRecruiter in a report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ZipRecruiter presently has a consensus rating of “Reduce” and an average price target of $3.75.

Institutional Investors Weigh In On ZipRecruiter

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caerus Investment Advisors LLC acquired a new stake in ZipRecruiter during the first quarter valued at $25,000. Evoke Wealth LLC acquired a new stake in shares of ZipRecruiter during the 4th quarter valued at about $40,000. nVerses Capital LLC acquired a new stake in shares of ZipRecruiter during the 4th quarter valued at about $41,000. Quarry LP acquired a new stake in shares of ZipRecruiter during the 3rd quarter valued at about $42,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of ZipRecruiter in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.55% of the company’s stock.

ZipRecruiter Company Profile

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.