Caesars Entertainment misses Q2 earnings expectations, shares edge lower
In a recent SEC filing, Timothy G. Yarbrough, the Executive Vice President and Chief Financial Officer of ZipRecruiter, Inc. (NYSE:ZIP), disclosed the sale of 2,944 shares of Class A common stock. The company, currently valued at approximately $501 million, has seen its stock decline by 28% year-to-date, trading near its 52-week low of $4.74. The shares were sold on April 7 at a weighted average price of $5.0842 per share, totaling approximately $14,967. This transaction was executed under a Rule 10b5-1 trading plan, which had been adopted by Yarbrough on September 12, 2024.
Following the sale, Yarbrough holds 114,127 shares indirectly through the Yarbrough Family Trust, and 271,468 shares directly. The shares were sold in multiple transactions, with prices ranging from $4.75 to $5.22 per share.
In other recent news, ZipRecruiter has experienced a series of notable developments. The company reported fourth-quarter 2024 revenue of $111 million, exceeding forecasts of $107.77 million, despite a year-over-year decline of 18%. However, for the full year, revenue decreased by 27% to $474 million, with a net loss of $12.9 million. Barclays (LON:BARC) downgraded ZipRecruiter's stock rating to Equal Weight and reduced the price target from $10 to $6, citing concerns over valuation and the company's conservative EBITDA margin outlook for 2025. Similarly, Evercore ISI lowered its price target to $10 from $13, maintaining an In Line rating, while Goldman Sachs adjusted its price target from $9 to $8, retaining a Neutral rating. S&P Global Ratings downgraded ZipRecruiter's credit rating to 'B' from 'B+', attributing the change to persistent industry challenges and declining revenue. The company remains cautiously optimistic about potential revenue growth by the fourth quarter of 2025, driven by increased sales and marketing investments. Analysts have highlighted ZipRecruiter's strategic initiatives, such as new product launches and acquisitions, which are expected to drive future growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.