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ZipRecruiter, Inc. - ZIP STOCK NEWS

Welcome to our dedicated page for ZipRecruiter news (Ticker: ZIP), a resource for investors and traders seeking the latest updates and insights on ZipRecruiter stock.

ZipRecruiter, Inc. (symbol: ZIP) is a leading online employment marketplace that significantly streamlines the hiring process for both job seekers and employers. Founded with the mission of making meaningful connections, ZipRecruiter has revolutionized the way people find jobs and how companies recruit talent.

With its web-based platform, ZipRecruiter allows employers to post job listings to over 100 job boards with just one click, making it the fastest and easiest way to get job listings in front of millions of candidates. The platform also provides a centralized location for finding, screening, and tracking applicants, helping employers make the best hiring decisions quickly and cost-effectively.

ZipRecruiter has recently introduced digital onboarding for all subscribers, further simplifying the hiring process. This new feature enhances the platform's core functionality by enabling seamless integration of new hires into the company, ensuring a smooth transition and faster productivity.

ZipRecruiter's innovative approach acts as a matchmaker between job seekers and employers. Unlike traditional job sites, it curates job opportunities for job seekers and suitable candidates for employers, making job searches more efficient and relevant.

In terms of financial performance, ZipRecruiter has shown consistent growth, driven by its expanding user base and continuous innovations in its platform. The company has also formed strategic partnerships to extend its reach and capabilities, solidifying its position as a key player in the online employment sector.

For the latest updates, performance metrics, and news about ZipRecruiter, visit their official website at www.ziprecruiter.com.

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ZipRecruiter reported $227.0 million in quarterly revenue, marking a 7% year-over-year increase. The company has raised its revenue guidance for the full year to a range of $897 million to $903 million, expecting a 21% growth. Additionally, Adjusted EBITDA guidance has been increased to between $173 million and $179 million, achieving a 20% margin. To bolster shareholder value, ZipRecruiter announced a $200 million increase to its share repurchase program.

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ZipRecruiter® will announce its third quarter 2022 financial results on November 9, 2022, with a conference call scheduled for 2:00 PM PT (5:00 PM ET). The call aims to discuss the business performance and financial results for the period ending September 30, 2022. Investors can participate via call or a live webcast through the company's investor relations website. A replay of the call will be accessible until November 16, 2022.

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ZipRecruiter has released a report revealing that nearly two-thirds of job seekers prefer remote work, even considering pay cuts for the opportunity. The research indicates over 60% of seekers prioritize remote roles, with young workers willing to sacrifice up to 18% of their salary. Commuting costs have surpassed health concerns as the primary motivation for remote work, affecting job searches. The report emphasizes the immense potential for remote roles across various industries, especially technology, where currently only 30% of jobs are advertised as remote.

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ZipRecruiter has launched SchoolJobsNearMe.org, an online portal aimed at addressing the nationwide shortage of teachers and school staff. This initiative aligns with President Biden’s call for action in education. The portal features over 120,000 job listings in K-12 education, allowing job seekers to find roles by various criteria. ZipRecruiter aims to enhance its services to attract high-quality professionals into the education sector, responding to a reported loss of 299,000 positions in public schools since the pandemic.

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ZipRecruiter, a leading online employment marketplace, has announced its participation in key investor conferences. The company will present at the Evercore ISI 2nd Annual Technology Conference on September 7, 2022, followed by the Citi Global Technology Conference on September 8, 2022, and the Goldman Sachs Communacopia + Technology Conference on September 15, 2022. Each conference presentation will be available via live webcast. ZipRecruiter is recognized for its powerful job matching technology and has consistently been the top-rated job search app on iOS and Android for five years.

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ZipRecruiter reported a 31% year-over-year increase in quarterly revenue, reaching $239.9 million. The company has adjusted its revenue guidance for 2022 to between $883 million and $897 million, reflecting a 20% growth over 2021. Additionally, the adjusted EBITDA guidance is raised to $163 million to $177 million, representing a margin of 19%. Despite strong results, CEO Ian Siegel noted signs of a cooling hiring environment in June 2022, prompting a cautious outlook.

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ZipRecruiter has appointed Yvonne Hao and Emily McEvilly to its Board of Directors, effective July 29 and September 1, 2022, respectively. Hao, former COO and CFO of PillPack, brings significant experience in e-commerce and private equity. McEvilly, Chief Customer Officer at OneTrust and ex-Chief Customer Officer at Workday, contributes extensive knowledge in customer service within the HR sector. The company expresses gratitude to the departing board member, Brian Lee, for his contributions.

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ZipRecruiter will announce its second quarter 2022 financial results on August 15, 2022, for the period ending June 30, 2022. The announcement will be followed by a conference call at 2:00 PM PT (5:00 PM ET) to discuss the results. Investors can access the conference call via telephone or a live webcast. ZipRecruiter has been recognized as the #1 job search app on iOS & Android for five consecutive years and is rated the top employment job site by G2.

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ZipRecruiter (NYSE:ZIP) announced its inclusion in the Russell 3000 Index, effective June 27, 2022, marking a significant milestone for the company. This membership is crucial as it enhances investor awareness and positions ZipRecruiter among the largest U.S. stocks, with over $12 trillion in assets benchmarked against Russell indexes. CEO Ian Siegel stated that this addition aligns with ZipRecruiter's mission to connect job seekers with opportunities. The Russell 3000 Index is influential for investment managers and institutional investors.

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ZipRecruiter (NYSE:ZIP) has announced a $150 million increase to its share repurchase program, raising the total available for repurchase to $156.6 million. This move reflects the company’s confidence in its growth potential despite prioritizing investments over capital return. Additionally, ZipRecruiter has initiated an accelerated share repurchase (ASR) agreement for $50 million with Goldman Sachs, expecting to complete final settlements by Q3 2022. The repurchase program will be funded through existing cash and operational cash flows.

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FAQ

What is the current stock price of ZipRecruiter (ZIP)?

The current stock price of ZipRecruiter (ZIP) is $9.15 as of November 21, 2024.

What is the market cap of ZipRecruiter (ZIP)?

The market cap of ZipRecruiter (ZIP) is approximately 880.8M.

What is ZipRecruiter?

ZipRecruiter is an online employment marketplace that connects job seekers with employers. The platform allows companies to post job listings to multiple job boards with one click and offers tools for screening and tracking applicants.

How does ZipRecruiter work?

Employers can post job listings to over 100 job boards with one click, manage all applicants through an online interface, and use digital onboarding tools. Job seekers receive curated job opportunities tailored to their profiles.

What distinguishes ZipRecruiter from traditional job sites?

Unlike traditional job sites, ZipRecruiter acts as a matchmaker, curating job opportunities for job seekers and matching employers with suitable candidates, making the job search process more efficient and relevant.

How can I post a job on ZipRecruiter?

To post a job, visit www.ziprecruiter.com, create an account, and follow the simple steps to get your job listing in front of millions of candidates.

What is digital onboarding on ZipRecruiter?

Digital onboarding is a feature available to all subscribers that enables seamless integration of new hires into companies, ensuring a smooth transition and faster productivity.

How many job seekers and employers use ZipRecruiter?

ZipRecruiter connects millions of job seekers with companies of all sizes, making it a two-sided marketplace for work.

How does ZipRecruiter help employers?

ZipRecruiter helps employers by providing a centralized platform for posting jobs, managing applicants, and making efficient hiring decisions at a fraction of the cost of traditional job boards.

Is ZipRecruiter free to use?

Employers can try posting a job for free by visiting www.ziprecruiter.com. Various subscription plans are available for continued use and additional features.

Can I track the status of my job applications on ZipRecruiter?

Yes, both employers and job seekers can track the status of job applications through the platform's intuitive online interface.

Where can I find the latest news about ZipRecruiter?

For the latest updates, news, and performance metrics, visit ZipRecruiter's official website at www.ziprecruiter.com.

ZipRecruiter, Inc.

NYSE:ZIP

ZIP Rankings

ZIP Stock Data

880.78M
69.18M
7.44%
81.34%
3.95%
Staffing & Employment Services
Services-computer Programming, Data Processing, Etc.
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