ZipRecruiter (NYSE:ZIP) EVP Amy Garefis Sells 7,837 Shares of Stock

Key Points

• ZipRecruiter EVP Amy Garefis sold 7,837 shares at an average price of $3.80, generating approximately $29,781 under a pre-arranged Rule 10b5-1 trading plan. She retained 210,603 shares after the transaction.
• ZipRecruiter shares fell $0.17 to $3.71, with a market capitalization of about $305.5 million. The stock has traded between $1.65 and $5.61 over the past year.
• The company recently reported quarterly EPS of $0.53, exceeding estimates, on revenue of $118.06 million. Analysts maintain a consensus “Hold” rating with an average price target of $4.17.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Amy Garefis sold 7,837 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $3.80, for a total transaction of $29,780.60. Following the completion of the transaction, the executive vice president directly owned 210,603 shares of the company's stock, valued at approximately $800,291.40. The trade was a 3.59% decrease in their position. The transaction was disclosed in a document filed 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 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.
• On Monday, July 20th, Amy Garefis sold 7,983 shares of ZipRecruiter stock. The stock was sold at an average price of $3.95, for a total value of $31,532.85.

ZipRecruiter Price Performance

Shares of NYSE:ZIP traded down $0.17 on Tuesday, reaching $3.71. The company's stock had a trading volume of 596,943 shares, compared to its average volume of 915,034. The stock has a market capitalization of $305.48 million, a P/E ratio of 10.61 and a beta of 1.44. The stock's 50-day moving average is $4.25 and its two-hundred day moving average is $3.46. ZipRecruiter, Inc. has a 52-week low of $1.65 and a 52-week high of $5.61.

ZipRecruiter (NYSE:ZIP - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.59. The business had revenue of $118.06 million during the quarter. Equities analysts forecast that ZipRecruiter, Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of ZipRecruiter

Several large investors have recently added to or reduced their stakes in ZIP. Varde Management L.P. raised its position in shares of 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. AXQ Capital LP acquired a new position in shares of ZipRecruiter during the second quarter valued at approximately $38,000. Public Employees Retirement System of Ohio bought a new stake in ZipRecruiter during the second quarter worth approximately $241,000. Militia Capital Management LLC bought a new stake in ZipRecruiter during the first quarter worth approximately $399,000. Finally, Caerus Investment Advisors LLC acquired a new stake in ZipRecruiter in the first quarter worth approximately $25,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects employers with job seekers. Its platform allows businesses of various sizes to create and distribute job postings, manage applicants and communicate with candidates, while helping job seekers search for employment opportunities and apply for positions.

The company uses technology and data-driven matching tools to recommend relevant candidates to employers and suitable job opportunities to job seekers. Its services are delivered primarily through its website and mobile applications, with tools designed to streamline recruiting, applicant management and hiring workflows.

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

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