Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Amy Garefis, Executive Vice President and Chief People Officer at ZipRecruiter, Inc. (NYSE:ZIP), recently made a series of stock transactions, according to a Form 4 filing. The transactions come at a time when the stock has declined over 41% in the past six months, though InvestingPro analysis indicates the company maintains strong financial health with a current ratio of 6.66. On March 18, 2025, Garefis sold 2,690 shares of ZipRecruiter’s Class A common stock at a price of $5.89 per share, totaling approximately $15,844. This transaction was conducted under a pre-arranged trading plan adopted on September 10, 2024.
Additionally, on March 15, 2025, Garefis exercised restricted stock units (RSUs) to acquire a total of 23,218 shares of Class A common stock. These RSU exercises were at no cost, as each unit represents a right to receive one share of the company’s stock upon settlement. Following these transactions, Garefis’s direct ownership stands at 208,486 shares.
The filing also notes that on March 15, 2025, 12,324 shares were withheld to cover tax obligations related to the vesting of RSUs, valued at $5.96 per share. This transaction was exempt under Section 16b-3(e), which allows for the withholding of shares to cover taxes without being considered a sale. According to InvestingPro’s Fair Value analysis, the stock currently appears to be trading near its fair value.
In other recent news, ZipRecruiter has faced a series of developments impacting its financial outlook and market position. The company reported a fourth-quarter revenue of $111 million, surpassing expectations of $107.77 million, despite experiencing an 18% year-over-year decline. 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 two years. Projected revenue for 2025 is estimated at $447 million, with S&P forecasting a further 6% reduction next year. Barclays (LON:BARC) also downgraded ZipRecruiter’s stock to Equal Weight, citing a conservative EBITDA margin outlook and setting a new price target of $6.00, down from $10.00.
Additionally, Evercore ISI and Goldman Sachs adjusted their price targets for the company, with Evercore reducing it to $10.00 from $13.00 and Goldman Sachs lowering it to $8.00 from $9.00. Both firms maintained their respective ratings, with Evercore remaining In Line and Goldman Sachs at Neutral. The company has shown cautious optimism for a potential revenue recovery by the fourth quarter of 2025, with plans to increase sales and marketing investments. ZipRecruiter’s management has emphasized financial discipline, expressing readiness to adjust expenses to secure higher EBITDA margins if hiring demand weakens. Despite these challenges, the company continues to invest in its platform capabilities, including AI and new product launches, to drive future growth.
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