ZipRecruiter (NYSE:ZIP) Posts Earnings Results, Beats Expectations By $0.09 EPS

ZipRecruiter (NYSE:ZIP) posted its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.09, FiscalAI reports. The company had revenue of $107.55 million during the quarter.

Here are the key takeaways from ZipRecruiter’s conference call:

• Q1 results beat guidance — revenue of $107.5M, net loss of $4.7M, and Adjusted EBITDA of $9.7M (9% margin); Q2 guide midpoints to $112M revenue and $13M Adjusted EBITDA, and the company expects flat FY?2026 revenue with a rise to ~14% Adj. EBITDA margin.
• Next?generation AI search and matching engine launched in Q1 drove a 37% increase in applications for exposed job seekers and is expected to be fully rolled out by end of Q2.
• “Be Seen First” adoption is scaling — 12% of applicants used it in Q1, it reaches postings for over half of paid employers, and those candidates are nearly twice as likely to receive employer messages.
• Organic and enterprise momentum — engaged job seekers from organic search grew 26% YoY, ZipRecruiter launched an app for ChatGPT to broaden distribution, and enterprise/performance marketing revenue rose 5% YoY, now ~24% of revenue (vs. 12% in Q1’19).
• Macro hiring remains weak — quits and hires near multi?year lows and job openings were down ~3% YoY, and management expects a subdued but seasonal hiring cadence through 2026 despite product gains.

ZipRecruiter Price Performance

Shares of NYSE ZIP traded up $0.50 during mid-day trading on Friday, hitting $3.60. The company’s stock had a trading volume of 2,079,214 shares, compared to its average volume of 747,728. The stock has a market cap of $303.46 million, a price-to-earnings ratio of -12.84 and a beta of 1.47. ZipRecruiter has a one year low of $1.65 and a one year high of $6.55. The company’s fifty day simple moving average is $2.43 and its 200-day simple moving average is $3.28.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ZIP. Barclays lowered their price objective on shares of ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Weiss Ratings assumed coverage on shares of ZipRecruiter in a research report on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. Finally, UBS Group raised their target price on shares of ZipRecruiter from $2.50 to $3.50 and gave the company a “neutral” rating in a research note on Friday. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, ZipRecruiter has a consensus rating of “Reduce” and an average price target of $4.25.

Insider Activity

In other news, CEO Ian H. Siegel sold 34,364 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $2.57, for a total value of $88,315.48. Following the transaction, the chief executive officer owned 226,702 shares of the company’s stock, valued at approximately $582,624.14. This trade represents a 13.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Travers sold 23,656 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $2.53, for a total transaction of $59,849.68. Following the completion of the transaction, the chief financial officer directly owned 1,239,307 shares in the company, valued at $3,135,446.71. This trade represents a 1.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 117,613 shares of company stock worth $298,626 in the last ninety days. Insiders own 19.85% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ZIP. Amundi bought a new position in ZipRecruiter during the 1st quarter worth approximately $70,000. AQR Capital Management LLC bought a new position in ZipRecruiter during the 1st quarter worth approximately $133,000. Goldman Sachs Group Inc. boosted its stake in ZipRecruiter by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 374,650 shares of the company’s stock worth $2,207,000 after acquiring an additional 35,256 shares during the last quarter. Acadian Asset Management LLC boosted its stake in ZipRecruiter by 59.7% during the 1st quarter. Acadian Asset Management LLC now owns 92,053 shares of the company’s stock worth $540,000 after acquiring an additional 34,424 shares during the last quarter. Finally, Creative Planning boosted its stake in ZipRecruiter by 20.5% during the 2nd quarter. Creative Planning now owns 29,838 shares of the company’s stock worth $149,000 after acquiring an additional 5,069 shares during the last quarter. Institutional investors own 70.55% of the company’s stock.

ZipRecruiter Company Profile

ZipRecruiter, Inc operates an online employment marketplace that connects job seekers and employers. Its platform provides various solutions, such as job posting, online interviews, job alerts, match scores, and application updates. The company was incorporated in 2010 and is based in Santa Monica, California.