Insider Selling: ZipRecruiter (NYSE:ZIP) EVP Sells 7,819 Shares of Stock

Key Points

• ZipRecruiter EVP Amy Garefis sold 7,819 shares at an average price of $5.15, generating $40,267.85. The sale was made under a pre-arranged Rule 10b5-1 plan, reducing her direct ownership by 3.64% to 207,108 shares.
• ZIP shares fell $0.92 to $4.25, while remaining near the upper end of their 12-month range of $1.65 to $5.61. The company reported quarterly EPS of $0.53, well above the consensus estimate of a $0.06 loss, on revenue of $118.06 million.
• Analyst sentiment remains cautious, with an average “Reduce” rating and an average price target of $4.17. Institutional investors own approximately 70.55% of ZipRecruitter’s stock.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Amy Garefis sold 7,819 shares of the business's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $5.15, for a total value of $40,267.85. Following the completion of the transaction, the executive vice president directly owned 207,108 shares of the company's stock, valued at approximately $1,066,606.20. The trade was a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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, July 20th, Amy Garefis sold 7,983 shares of ZipRecruiter stock. The shares were sold at an average price of $3.95, for a total value of $31,532.85.
• On Monday, June 15th, Amy Garefis sold 9,113 shares of ZipRecruiter stock. The shares were sold at an average price of $3.62, for a total value of $32,989.06.

ZipRecruiter Stock Performance

ZIP traded down $0.92 on Friday, hitting $4.25. The company had a trading volume of 2,989,241 shares, compared to its average volume of 1,039,132. The stock has a market capitalization of $349.46 million, a price-to-earnings ratio of 12.14 and a beta of 1.42. The stock has a fifty day moving average price of $4.07 and a 200-day moving average price of $3.13. ZipRecruiter, Inc. has a 12-month low of $1.65 and a 12-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. Analysts forecast that ZipRecruiter, Inc. will post 0.16 EPS for the current fiscal year.

Institutional Trading of ZipRecruiter

Several large investors have recently bought and sold shares of the stock. AXQ Capital LP acquired a new position in ZipRecruiter during the 2nd quarter valued at approximately $38,000. Public Employees Retirement System of Ohio acquired a new stake in shares of ZipRecruiter during the second quarter worth $241,000. Militia Capital Management LLC acquired a new stake in shares of ZipRecruiter during the first quarter worth $399,000. Caerus Investment Advisors LLC purchased a new stake in shares of ZipRecruiter during the first quarter valued at $25,000. Finally, Readystate Asset Management LP purchased a new stake in shares of ZipRecruiter during the first quarter valued at $347,000. Hedge funds and other institutional investors own 70.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZIP. Weiss Ratings raised ZipRecruiter from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Thursday, August 6th. UBS Group boosted their target price on ZipRecruiter from $4.00 to $4.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 22nd. Wall Street Zen raised ZipRecruiter from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, The Goldman Sachs Group increased their price target on ZipRecruiter from $3.50 to $5.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Reduce" and an average target price of $4.17.

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.

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