ZipRecruiter (NYSE:ZIP) Stock: Insider Amy Garefis Sells 7,879 Shares

Key Points

• Insider sale: EVP Amy Garefis sold 7,879 ZipRecruiter shares at an average price of $4.56, worth $35,928.24, under a pre-arranged Rule 10b5-1 plan. She retained 202,724 shares after the transaction.
• Stock performance: ZIP shares fell 0.5% to $4.53, while trading below the 52-week high of $5.61 but above the 52-week low of $1.65. The company has a market capitalization of approximately $372 million.
• Analyst view: Analysts have a consensus “Hold” rating and an average price target of $4.17. ZipRecruiter recently reported quarterly EPS of $0.53, significantly exceeding the consensus estimate of a $0.06 loss.

ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Amy Garefis sold 7,879 shares of the firm's stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $4.56, for a total value of $35,928.24. Following the completion of the sale, the executive vice president directly owned 202,724 shares in the company, 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 document filed 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 shares were 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 stock was sold at an average price of $5.15, for a total value of $40,267.85.

ZipRecruiter Stock Down 0.5%

Shares of ZIP stock traded down $0.03 during trading hours on Wednesday, hitting $4.53. 571,530 shares of the company's stock were exchanged, compared to its average volume of 988,751. The firm has a market cap of $372.09 million, a P/E ratio of 12.93 and a beta of 1.55. The firm has a 50 day moving average of $4.13 and a two-hundred day moving average of $3.69. ZipRecruiter, Inc. has a fifty-two week low of $1.65 and a fifty-two week 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 earnings per share (EPS) 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, equities analysts forecast that ZipRecruiter, Inc. will post -0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZIP has been the topic of several research analyst reports. The Goldman Sachs Group lifted their target price 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 cut shares of ZipRecruiter from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 27th. UBS Group upped their price target 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. 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 equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, ZipRecruiter has an average rating of "Hold" and a consensus price target of $4.17.

Institutional Investors Weigh In On ZipRecruiter

A number of large investors have recently made changes to their positions in the stock. Caerus Investment Advisors LLC purchased a new stake in ZipRecruiter in the 1st quarter valued at $25,000. AXQ Capital LP acquired a new stake in shares of ZipRecruiter in the 2nd quarter worth $38,000. Militia Capital Management LLC acquired a new stake in shares of ZipRecruiter in the 1st quarter worth $134,000. Sei Investments Co. purchased a new position in shares of ZipRecruiter during the 1st quarter worth $140,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of ZipRecruiter during the 2nd quarter worth $241,000. 70.55% of the stock is currently owned by hedge funds and other institutional investors.

About ZipRecruiter

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.

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