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Bartolome Lora, Senior Vice President of Accounting and Controller at ZipRecruiter, Inc. (NYSE:ZIP), a recruitment platform currently valued at $584 million, recently sold 2,177 shares of the company’s Class A Common Stock. The stock has declined about 39% over the past six months and is trading near its 52-week low of $5.26. The shares were sold on March 19, 2025, at a weighted average price of $5.9078 per share, totaling approximately $12,861. Following this transaction, Lora retains ownership of 19,237 shares in the company. The sale was conducted under a Rule 10b5-1 trading plan, which Lora adopted on March 4, 2024. This plan allows executives to set up a predetermined schedule for selling company stock, providing a defense against potential accusations of insider trading. According to InvestingPro analysis, ZIP is currently trading slightly below its Fair Value, with 13 additional exclusive insights available to subscribers, including detailed insider trading patterns and comprehensive valuation metrics.
In other recent news, ZipRecruiter reported its fourth-quarter 2024 earnings, showcasing revenue of $111 million, which surpassed analyst expectations of $107.77 million. Despite this revenue beat, the company faced a net loss of $12.9 million for the year. The company is cautiously optimistic about potential revenue growth by the fourth quarter of 2025. Barclays (LON:BARC) downgraded ZipRecruiter’s stock rating from Overweight to Equal Weight, adjusting the price target to $6.00, citing concerns over valuation and unclear revenue growth trajectory. Evercore ISI also reduced its price target to $10.00 from $13.00, maintaining an In Line rating, while noting early signs of potential recovery. Goldman Sachs adjusted its price target to $8.00 from $9.00, maintaining a Neutral rating and highlighting the company’s strong user engagement with a 15% increase in web traffic year-over-year. S&P Global Ratings downgraded ZipRecruiter’s credit rating to ’B’ from ’B+’, reflecting ongoing industry challenges and a decline in revenue attributed to weak demand for online recruiting services.
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