Barclays analyst Trevor Young lowered the firm’s price target on ZipRecruiter to $16 from $18 and keeps an Overweight rating on the shares. The company reported in-line Q2 revenue and beat on EBITDA, but Q3 was guided well below and the fiscal year profit outlook was pulled as trends deteriorated later in the quarter and into July, the analyst tells investors in a research note.
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- ZipRecruiter (NYSE: ZIP) Plummets after Warning of Slower Hiring
- ZipRecruiter downgraded to In Line from Outperform at Evercore ISI
- ZipRecruiter withdraws FY23 adjusted EBITDA guidance
- ZipRecruiter sees Q3 revenue $147M-$153M, consensus $170.8M
- ZipRecruiter reports Q2 revenue $170.4M, consensus $169.55M
