During yesterday’s afterhours trading session, ZipRecruiter Inc. (ZIP) had risen 12.78% on the charts to trade at $32.75 at last check. ZipRecruiter stock rose 1.08% on Thursday to close at $29.04. ZipRecruiter stock traded 1.24 million shares over the past three months, compared to a volume of 2.22 million on the day. ZipRecruiter stock fluctuated between $28.68 and $29.85 during the trading session. In the past five sessions, ZipRecruiter stock gained 9.34%, and over the past month, it gained 16.58%, but on a yearly basis, it gained 37.63%. The 50-day moving average of ZipRecruiter’s stock is $24.55, which is below the 200-day moving average of $25.02. ZipRecruiter currently has an RSI of 68.21. ZipRecruiter’s stock spiked after it released its quarterly report.
Was ZipRecruiter able to post encouraging results?
ZipRecruiter is an online job marketplace that connects candidates with great career opportunities. ZIPRecruiter’s powerful matching technology helps job seekers find and hire the right candidates faster and improves the job search experience for companies of all sizes. In the past four years, ZipRecruiter has been rated the Top Employment Marketplace by G2 and the #1 Job Search App by iOS & Android.
Today, ZipRecruiter announced its financial results for the quarter ended June 30, 2021. ZipRecruiter’s full second quarter results, financial guidance, and management commentary are included in the company’s shareholder letter, which can be accessed at the investor relations section’s results page.
Highlights of Q2 financial results:
- The revenue for ZipRecruiter in Q2’21 was $183.0 million, a 109% year-over-year increase and a 46% quarter-over-quarter increase.
- A significant impact was experienced by ZipRecruiter in Q2’20 due to the COVID-19 pandemic.
- The number of Quarterly Paid Employers on ZipRecruiter increased by 120% year over year and by48 % quarter over quarter in Q2’21.
- Employers entered ZipRecruiter’s marketplace more frequently and employers posted jobs more often.
- ZipRecruiter’s revenue per paid employer was $1,081, down 5% year-over-year and down 1% quarter-over-quarter.
- A large number of new and returning employers used ZipRecruiter’s Quarterly Paid Employer service in Q2’21.
- ZipRecruiter’s Q2’21 gross profit was $161.4 million, an increase of 113% year-over-year and 47% quarter-over-quarter. An increase in revenue led to this increase.
- At 88%, the gross margin stayed strong in Q2’21.
- The total operating expenses incurred by ZipRecruiter for Q2’21 totaled $229.7 million, compared to $54.2 million in Q2’20 and $92.9 million in Q1’21.
How much profit did ZipRecruiter Stock make?
In Q2’21, ZipRecruiter (ZIP) recorded a net loss of ($52.8) million, compared to a net income of $21.3 million in Q2’20, and a net income of $13.4 million in Q1’21. As part of the second quarter of this year, adjusted EBITDA was $(1.7) million, with a margin of (1)%, compared to $25.6 million, with a margin of 29%, and $20.0 million, with a margin of 16%, in the prior quarter. In Q2’21, ZipRecruiter’s direct listing costs and sales and marketing expenses were primary drivers of net loss and adjusted EBITDA.