Fannie Mae, Freddie Mac shares tumble after conservatorship comments
David Travers, the President of ZipRecruiter, Inc. (NYSE:ZIP), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Travers sold 18,047 shares of ZipRecruiter’s Class A Common Stock on March 19, 2025. The shares were sold at a weighted average price of approximately $5.88, with the transaction totaling $106,161. The sale comes as ZIP’s stock has declined nearly 40% over the past six months, though InvestingPro analysis shows the company maintains impressive gross profit margins of 89%.
This sale was conducted under a Rule 10b5-1 trading plan, which Travers adopted on September 13, 2024. Such plans allow company insiders to set up a predetermined schedule for selling shares, providing a degree of protection against accusations of insider trading. For comprehensive insider trading analysis and 13 additional key insights about ZIP, check out the detailed research available on InvestingPro.
Following this transaction, Travers retains ownership of 1,120,913 shares in the company. The sale reflects a strategic financial decision by the executive, while he continues to hold a substantial stake in ZipRecruiter. The company maintains strong financial health with a current ratio of 6.66, indicating ample liquidity to meet short-term obligations, and analysts project a return to profitability this year.
In other recent news, ZipRecruiter has experienced several significant developments. The company reported fourth-quarter 2024 revenue of $111 million, exceeding forecasts of $107.77 million, despite an 18% year-over-year decline. However, the fiscal year 2024 revenue saw a 27% drop to $474 million, highlighting ongoing challenges in the hiring market. Analysts have responded to these results with mixed outlooks. S&P Global downgraded ZipRecruiter’s credit rating to ’B’ from ’B+’, citing persistent industry headwinds and declining revenue. Barclays (LON:BARC) also downgraded the stock to Equal Weight from Overweight, adjusting the price target to $6.00 from $10.00, due to a conservative EBITDA margin outlook for fiscal year 2025. Evercore ISI and Goldman Sachs both revised their price targets, with Evercore cutting it to $10.00 from $13.00 and Goldman Sachs reducing it to $8.00 from $9.00, maintaining an In Line and Neutral rating, respectively. Despite these challenges, ZipRecruiter remains cautiously optimistic about potential revenue growth by the fourth quarter of 2025, supported by increased marketing investments and strategic initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.