ZipRecruiter rises on stronger FY21 revenue outlook, Q3 results

ZipRecruiter

11/11/2021 20:08

** Shares of online jobs marketplace ZipRecruiter  ZIP.N  up
~15% at $30.76 in afternoon trade 
    ** Co posted strong Q3 results after markets closed on
Wednesday and raised FY21 outlook (https://bit.ly/3F9g6zu)
    ** ZIP now expects FY21 revenue between $724 mln and $730
mln, above est of $717.48 mln - Refinitiv IBES 
    ** Sees Q4 revenue between $203 mln and $209 mln 
    ** Q3 revenue more than doubled y/y to $212.7 mln
    ** Co posted a net income of $22.1 mln, or 17 cents per
share, for the quarter 
    ** Current avg recommendation by 6 analysts on co's stock is
"buy", with 1 analyst rating the stock "hold" and 5 rating it
"buy" or higher
    ** Their median PT is $42 
    ** Co made its NYSE debut in May through a direct listing 
    

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))