Index falls as earnings results weigh; pound above $1.33, Bodycote soars
Timothy G. Yarbrough, the Executive Vice President and Chief Financial Officer of ZipRecruiter, Inc. (NYSE:ZIP), recently sold 5,887 shares of the company’s Class A Common Stock. The transactions, executed on March 5, 2025, were part of a pre-established Rule 10b5-1 trading plan. The sale comes as ZipRecruiter’s stock has declined over 53% in the past year, though InvestingPro data shows management has been actively buying back shares to support shareholder value. The shares were sold at a weighted average price of $5.6433, with individual transaction prices ranging from $5.53 to $5.79 per share, totaling approximately $33,222.
Following the sale, Yarbrough holds 117,071 shares of Class A Common Stock indirectly through the Yarbrough Family Trust and an additional 250,217 shares directly, which includes 1,537 shares acquired through the company’s employee stock purchase plan.
In other recent news, ZipRecruiter reported its fourth-quarter 2024 financial results, surpassing revenue expectations with $111 million compared to the forecasted $107.77 million. Despite this, the company experienced a net loss of $12.9 million for the year. Barclays (LON:BARC) downgraded ZipRecruiter’s stock from Overweight to Equal Weight, setting a new price target of $6.00, down from $10.00, following concerns over the company’s valuation and conservative EBITDA margin outlook for 2025. Evercore ISI also adjusted its price target for ZipRecruiter to $10.00 from $13.00, maintaining an In Line rating, while noting early signs of potential recovery in hiring trends.
Goldman Sachs reduced its 12-month price target for ZipRecruiter from $9.00 to $8.00, maintaining a Neutral rating. The firm highlighted ZipRecruiter’s strong fourth-quarter performance but noted that guidance for the first quarter’s adjusted EBITDA was below expectations due to increased marketing and product investments. S&P Global Ratings downgraded ZipRecruiter’s credit rating to ’B’ from ’B+’ due to ongoing industry challenges and a significant decline in revenue over the past years. The firm projects a further reduction in revenue by about 6% in 2025, with potential stabilization in hiring trends leading to slight revenue growth by the fourth quarter.
ZipRecruiter continues to face competitive pressures in the industry, with increased sales and marketing investments planned for 2025. The company remains cautiously optimistic about potential revenue growth by the fourth quarter of 2025, driven by strategic initiatives and product launches. Despite the challenges, ZipRecruiter maintains a flexible cost structure, allowing for adjustments in marketing spend to preserve profit margins if necessary.
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