ZipRecruiter® is a leading online employment marketplace that actively connects people to their next great opportunity. ZipRecruiter’s powerful matching technology improves the job search experience for job seekers and helps businesses of all sizes find and hire the right candidates quickly. ZipRecruiter has been the #1 rated job search app on iOS & Android for the past four years1 and is rated the #1 employment marketplace by G2.2
Company profile
Ticker
ZIP
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Alphabet • Meta Platforms • Rackspace Technology • IHS Markit • Sabre • IAC • Baidu • Bumble • Match • Twitter ...
SEC CIK
Corporate docs
Subsidiaries
ZipRecruiter Canada Ltd. • ZipRecruiter Israel Ltd. • ZipRecruiter UK Ltd. ...
IRS number
272976158
ZIP stock data
News

12 Communication Services Stocks Moving In Friday's After-Market Session
8 Jul 22
10 Communication Services Stocks With Whale Alerts In Today's Session
30 Jun 22
5 Analysts Have This to Say About ZipRecruiter
29 Jun 22
Stocks That Hit 52-Week Lows On Wednesday
29 Jun 22
JP Morgan Maintains Neutral on ZipRecruiter, Lowers Price Target to $19
29 Jun 22
Press releases
ZipRecruiter Announces Board of Directors Nominations
1 Aug 22
ZipRecruiter to Report Second Quarter 2022 Financial Results on August 15, 2022
19 Jul 22
ZipRecruiter Announces $150 Million Increase to Share Repurchase Program
16 Jun 22
ZipRecruiter Report Finds Red Hot Job Market for 2022 College Grads
25 May 22
ZipRecruiter to Participate at Upcoming Investor Conferences
16 May 22
Analyst ratings and price targets
Current price
Average target
$22.50
Low target
$19.00
High target
$26.00
JP Morgan
Maintains
$19.00
Goldman Sachs
Maintains
$26.00
Investment data
Securities sold
Number of investors
Calendar
13 May 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | |
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Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 745.39M | 745.39M | 745.39M | 745.39M | 745.39M | 745.39M |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 923.42K | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | n/a | 4.08M | n/a | n/a |
Cash remaining | n/a | n/a | n/a | 741.31M | n/a | n/a |
Runway (months of cash) | n/a | n/a | n/a | 802.8 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Jul 22 | Ryan T. Sakamoto | Class A Common Stock | Sell | Dispose S | No | Yes | 16.88 | 1,787 | 30.16K | 70,724 |
21 Jun 22 | Ryan T. Sakamoto | Class A Common Stock | Sell | Dispose S | No | Yes | 17.17 | 1,786 | 30.67K | 72,511 |
15 Jun 22 | David Travers | Class A Common Stock | Payment of exercise | Dispose F | No | No | 15.35 | 23,992 | 368.28K | 1,001,243 |
15 Jun 22 | David Travers | Class A Common Stock | Conversion | Acquire C | No | No | 0 | 38,719 | 0 | 1,025,235 |
15 Jun 22 | David Travers | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 6,250 | 0 | 986,516 |
15 Jun 22 | David Travers | Class B Common Stock Class A Common Stock | Conversion | Dispose C | No | No | 0 | 38,719 | 0 | 0 |
15 Jun 22 | David Travers | Class B Common Stock Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 38,719 | 0 | 38,719 |
15 Jun 22 | David Travers | RSU Class B Common Stock | Option exercise | Dispose M | No | No | 0 | 11,625 | 0 | 116,250 |
15 Jun 22 | David Travers | RSU Class B Common Stock | Option exercise | Dispose M | No | No | 0 | 6,781 | 0 | 40,688 |
15 Jun 22 | David Travers | RSU Class B Common Stock | Option exercise | Dispose M | No | No | 0 | 20,313 | 0 | 40,625 |
Institutional ownership, Q1 2022
96.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 123 |
Opened positions | 34 |
Closed positions | 28 |
Increased positions | 42 |
Reduced positions | 28 |
13F shares | Current |
---|---|
Total value | 1.6B |
Total shares | 84.77M |
Total puts | 228.85K |
Total calls | 2.16M |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
Institutional Venture Partners XIV | 15.11M | $0 |
Institutional Venture Management XIV | 15.11M | $347.21M |
Wasatch Advisors | 12.59M | $289.4M |
Institutional Venture Management XV | 7.59M | $174.38M |
ArrowMark Colorado | 5.13M | $117.94M |
FMR | 4.56M | $104.78M |
Vanguard | 3.77M | $86.58M |
William Blair Investment Management | 2.49M | $57.15M |
Lord, Abbett & Co. | 2.25M | $51.78M |
Victory Capital Management | 1.8M | $41.41M |
Financial report summary
?Risks
- We face intense competition and could lose market share to our competitors, which could adversely affect our business, operating results, and financial condition.
- COVID-19 has caused significant uncertainty and disruption in our business operations. The ongoing effects of the COVID-19 pandemic continue to be unpredictable, and may have an adverse effect on our business, results of operations, and financial condition.
- Our business is significantly affected by fluctuations in general economic conditions, which have been adversely affected by the COVID-19 pandemic. There is risk that any economic recovery may be short-lived and uneven, and may not result in increased demand for our services.
- Our marketplace functions on software that is highly technical and complex and if it fails to perform properly, our reputation could be adversely affected, our market share could decline and we could be subject to liability claims.
- Our future success depends in part on employers purchasing and renewing or upgrading subscriptions and performance-based services from us. Any decline in our user renewals or upgrades or performance-based services could harm our future operating results.
- We have experienced growth in recent periods and expect to continue to invest in our growth for the foreseeable future. If we cannot manage our growth effectively, our business, operating results, and financial condition could be adversely affected.
- Significant segments of the market for job advertisement services may have hiring needs and service preferences that are subject to greater volatility than the overall economy.
- Our efforts and ability to sell to a broad mix of businesses could adversely affect our operating results in a given period.
- Our business depends largely on our ability to attract and retain talented employees, including senior management and key personnel. If we lose the services of Ian Siegel, our Chief Executive Officer, or other members of our senior management team, we may not be able to execute on our business strategy.
- If internet search engines’ methodologies or other channels that we use to direct traffic to our website are modified to our disadvantage, or our search result page rankings decline for other reasons, our user growth could decline.
- Our quarterly results may fluctuate significantly and may not fully reflect the underlying performance of our business, which makes our future results difficult to predict.
- Our success depends on our ability to maintain the value and reputation of the ZipRecruiter brand.
- If we are not able to provide successful enhancements, and new products, services, and features, our business could be adversely affected.
- Issues with the use of artificial intelligence (including machine learning) in our marketplace may result in reputational harm or liability.
- The forecasts of growth of online recruitment may prove to be inaccurate, and even if the market in which we compete achieves the forecasted growth, we cannot assure you that our business will grow at a similar rate, if at all.
- The growth of our marketplace depends in part on the success of our strategic relationships with our Job Distribution Partners and Job Acquisition Partners.
- Our corporate culture has contributed to our success, and if we cannot maintain this culture as we grow, we could lose the innovation, creativity, and teamwork fostered by our culture, and our business may be harmed.
- Technological advances may significantly disrupt the labor market and weaken demand for human capital at a rapid rate.
- Our business is seasonal.
- We track certain performance metrics with internal tools and do not independently verify such metrics. Certain of our performance metrics are subject to inherent challenges in measurement, and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business.
- We derive substantially all of our revenue from job advertisements.
- Failure to effectively expand our sales and marketing capabilities could harm our ability to increase our user base and achieve broader market acceptance of our services.
- Paid Employers may demand more configuration and integration services, or customized features and functions that we do not offer, which could adversely affect our business and operating results.
- Any failure to offer high-quality technical support services may adversely affect our relationships with our Paid Employers and our financial results.
- We have a history of net losses, anticipate increasing our operating expenses in the future, and may not sustain profitability.
- We rely on Amazon Web Services, or AWS, to host our marketplace, and any disruption of service from AWS or material change to our arrangement with AWS could adversely affect our business.
- Many people are using mobile devices to access the internet. If we cannot optimize our websites for mobile access or offer a compelling mobile app, we may not remain competitive and could lose employers and job seekers.
- If we or our third-party partners experience a security breach, such as a hacking or phishing attack, or other data privacy or security incident, our marketplace may be perceived as not being secure, our reputation may be harmed, demand for our marketplace may be reduced, our operations may be disrupted, we may incur significant legal costs or liabilities, and our business could be adversely affected.
- We face payment and fraud risks that could adversely impact our business.
- Changes in laws or regulations relating to data privacy or the protection, collection, storage, processing, transfer, or use of personal data, or any actual or perceived failure by us to comply with such laws and regulations or our privacy policies, could adversely affect our business.
- Failure to comply with anti-corruption and anti-money laundering laws, including the Foreign Corrupt Practices Act, or FCPA, and similar laws associated with our activities outside of the United States, could subject us to penalties and other adverse consequences.
- We are subject to a wide variety of foreign and domestic laws. As we look to expand our international footprint over time and as new domestic laws are implemented, we may become obligated to comply with additional laws and regulations of the countries or markets in which we operate or have employers and job seekers.
- We plan to expand our international operations which could subject us to additional costs and risks, and our continued expansion internationally may not be successful.
- Privacy concerns and laws or other domestic or foreign regulations may reduce the effectiveness of our marketplace, disrupt our communication processes, and adversely affect our business.
- From time to time, we may be subject to legal proceedings, regulatory disputes, and governmental investigations that could cause us to incur significant expenses, divert our management’s attention, and materially harm our business, financial condition, and operating results.
- Our failure or inability to protect our intellectual property rights, or claims by others that we are infringing upon or unlawfully using their intellectual property, could diminish the value of our brand and weaken our competitive position, and adversely affect our business, financial condition, operating results, and prospects.
- Adverse tax laws or regulations could be enacted or existing laws could be applied to us or our employers and job seekers, which could increase the costs of our services and adversely impact our business.
- Our business is subject to the risk of earthquakes, fire, power outages, floods, public health crises, including the current COVID-19 pandemic, and other catastrophic events, and to interruption by man-made problems such as terrorism.
- Our indebtedness could adversely affect our liquidity and financial condition.
- We may not be able to generate sufficient cash to service all of our indebtedness, and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful.
- Covenants in our debt agreements may restrict our operations, and if we do not effectively manage our business to comply with these covenants, our financial condition could be adversely impacted.
- We may engage in merger and acquisition activities, which could require significant management attention, disrupt our business, dilute stockholder value, consume resources that are necessary to sustain our business, and adversely affect our operating results.
- We may require additional capital to support business growth and objectives, and this capital might not be available to us on reasonable terms, if at all, and may result in stockholder dilution.
- The requirements of being a public company, including maintaining adequate internal control over our financial and management systems, may strain our resources, divert management’s attention, and affect our ability to attract and retain executive management and qualified board members.
- Our management team has limited experience managing a public company.
- Our reported financial results may be adversely affected by changes in accounting principles generally accepted in the United States.
- If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our operating results could be adversely affected.
- Fluctuations in currency exchange rates could harm our operating results and financial condition.
- Market volatility may affect the value of an investment in our Class A common stock and could subject us to litigation.
- The dual class structure of our common stock concentrates voting control with those stockholders who held our capital stock prior to our listing, including our directors, executive officers, and 5% stockholders. This ownership will limit or preclude your ability to influence corporate matters, including the election of directors and the approval of any change of control transaction.
- The dual class structure of our common stock may adversely affect the trading market for our Class A common stock.
- Our share repurchase program could affect the price of our Class A common stock and increase volatility and may be suspended or terminated at any time, which may result in a decrease in the trading price of our Class A common stock.
- If securities or industry analysts do not publish research, or publish inaccurate or unfavorable research, about our business or our future prospects, the price of our Class A common stock and trading volume could decline.
- We are an “emerging growth company” and intend to take advantage of the reduced disclosure requirements applicable to emerging growth companies which may make our Class A common stock less attractive to investors.
- We do not intend to pay dividends for the foreseeable future.
- Provisions in our charter documents and under Delaware law could make an acquisition of us, which may be beneficial to our stockholders, more difficult and may limit attempts by our stockholders to replace or remove our current management.
- Our amended and restated certificate of incorporation and our restated bylaws contain exclusive forum provisions for certain claims, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
Management Discussion
- (3)Includes one-time charges related to accounting and legal expenses and other filing costs in connection with our Direct Listing totaling $0 and $2.1 million in the three months ended March 31, 2022 and 2021, respectively.
Content analysis
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Legalese | ||
Litigous | ||
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Current reports
8-K
ZipRecruiter Announces Board of Directors Nominations
1 Aug 22
8-K
ZipRecruiter Announces $150 Million Increase to Share Repurchase Program
16 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
15 Jun 22
8-K
ZipRecruiter Announces First Quarter 2022 Results
11 May 22
8-K
Other Events
21 Mar 22
8-K
Entry into a Material Definitive Agreement
8 Mar 22
8-K
ZipRecruiter Announces Board of Directors Nomination
2 Mar 22
8-K
ZipRecruiter Announces Fourth Quarter and Full Year 2021 Results
1 Mar 22
8-K
ZipRecruiter Announces the Upsize and Pricing of $550 Million of Senior Notes Due 2030
12 Jan 22
8-K
ZipRecruiter Announces Proposed Private Offering of $500 Million of Senior Notes Due 2030
5 Jan 22
Registration and prospectus
S-8
Registration of securities for employees
3 Mar 22
POS AM
Prospectus update (post-effective amendment)
13 Aug 21
424B4
Prospectus supplement with pricing info
26 May 21
FWP
Free writing prospectus
25 May 21
S-8
Registration of securities for employees
14 May 21
8-A12B
Registration of securities on exchange
11 May 21
S-1/A
IPO registration (amended)
29 Apr 21
S-1
IPO registration
23 Apr 21
DRS/A
Draft registration statement (amended)
4 Apr 21
DRSLTR
Correspondence regarding draft registration statement
4 Apr 21
Other
EFFECT
Notice of effectiveness
17 Aug 21
EFFECT
Notice of effectiveness
17 May 21
CERT
Certification of approval for exchange listing
14 May 21
CORRESP
Correspondence with SEC
10 May 21
CORRESP
Correspondence with SEC
5 May 21
CORRESP
Correspondence with SEC
29 Apr 21
UPLOAD
Letter from SEC
27 Apr 21
CORRESP
Correspondence with SEC
22 Apr 21
UPLOAD
Letter from SEC
19 Apr 21
UPLOAD
Letter from SEC
25 Mar 21
Ownership
4
ZIPRECRUITER / RYAN T. SAKAMOTO ownership change
22 Jul 22
4
ZIPRECRUITER / RYAN T. SAKAMOTO ownership change
22 Jun 22
4
ZIPRECRUITER / RENATA DIONELLO ownership change
17 Jun 22
4
ZIPRECRUITER / QASIM SAIFEE ownership change
17 Jun 22
4
ZIPRECRUITER / RYAN T. SAKAMOTO ownership change
17 Jun 22
4
ZIPRECRUITER / Amy Garefis ownership change
17 Jun 22
4
ZIPRECRUITER / BORIS F. SHIMANOVSKY ownership change
17 Jun 22
4
ZIPRECRUITER / TIMOTHY G. YARBROUGH ownership change
17 Jun 22
4
ZIPRECRUITER / DAVID TRAVERS ownership change
17 Jun 22
4
ZIPRECRUITER / RYAN T. SAKAMOTO ownership change
24 May 22
Reddit threads
Daily Discussion Thread - August 12th, 2022
12 Aug 22
US Jobless claims rise to new 8-month high
11 Aug 22
Why is Bloomberg saying municipal bonds are expensive?
8 Aug 22
Daily Discussion - Wednesday August 03 2022
3 Aug 22
Suck it you poor lovers. My daddy is rich!
22 Jul 22
JPM and Morgan Stanley miss earnings
14 Jul 22
F**k
10 Jun 22
Can we stop posting about index funds and move towards stocks
21 May 22
Daily Discussion Thread - May 11th, 2022
11 May 22
Daily Discussion Thread - May 10th, 2022
10 May 22