Key Points
- ZipRecruiter EVP Amy Garefis sold 7,819 shares at an average price of $5.15, totaling approximately $40,268. The Rule 10b5-1 transaction reduced her ownership by 3.64% to 207,108 shares.
- ZipRecruiter reported quarterly earnings of $0.53 per share, beating consensus estimates of a $0.06 loss, on revenue of $118.06 million. The stock opened at $4.25, with a market capitalization of roughly $349.5 million.
- Analyst sentiment remains cautious: the stock has an average “Reduce” rating and a consensus price target of $4.17, despite Goldman Sachs and UBS raising their price targets. Institutional investors own approximately 70.55% of ZipRecruiter’s shares.
ZipRecruiter, Inc. (NYSE:ZIP - Get Free Report) EVP Amy Garefis sold 7,819 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president owned 207,108 shares of the company's stock, valued at approximately $1,066,606.20. This trade represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, 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 transaction 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 Down 17.8%
NYSE ZIP opened at $4.25 on Friday. ZipRecruiter, Inc. has a 52 week low of $1.65 and a 52 week high of $5.61. The business's fifty day simple moving average is $4.08 and its 200-day simple moving average is $3.14. The firm has a market cap of $349.48 million, a PE ratio of 12.14 and a beta of 1.42.
ZipRecruiter (NYSE:ZIP - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.59. The firm had revenue of $118.06 million during the quarter. Research analysts expect that ZipRecruiter, Inc. will post 0.16 EPS for the current year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on ZIP shares. Weiss Ratings raised ZipRecruiter from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Thursday, August 6th. Wall Street Zen upgraded ZipRecruiter from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. The Goldman Sachs Group raised their price objective on ZipRecruiter from $3.50 to $5.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Finally, UBS Group boosted their price objective on shares of ZipRecruiter from $4.00 to $4.50 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ZipRecruiter presently has an average rating of "Reduce" and an average price target of $4.17.
Get Our Latest Stock Report on ZIP
Institutional Investors Weigh In On ZipRecruiter
Several large investors have recently added to or reduced their stakes in the business. Disciplined Growth Investors Inc. MN lifted its holdings in ZipRecruiter by 178.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,508,331 shares of the company's stock worth $22,587,000 after buying an additional 2,886,725 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of ZipRecruiter by 3.4% in the first quarter. Renaissance Technologies LLC now owns 1,920,900 shares of the company's stock worth $3,534,000 after acquiring an additional 62,900 shares in the last quarter. Millennium Management LLC increased its position in shares of ZipRecruiter by 99.0% during the third quarter. Millennium Management LLC now owns 1,496,767 shares of the company's stock worth $6,316,000 after acquiring an additional 744,805 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of ZipRecruiter by 2.8% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,441,616 shares of the company's stock valued at $5,622,000 after acquiring an additional 38,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of ZipRecruiter by 5.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 803,229 shares of the company's stock valued at $3,133,000 after acquiring an additional 38,351 shares in the last quarter. 70.55% of the stock is owned by hedge funds and other institutional investors.
About ZipRecruiter
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
