ZipRecruiter shares are trading lower after the company reported Q2 financial results. Also, Evercore ISI downgraded the stock from Outperform to Neutral and lowered its price target from $20 to $18.
Portfolio Pulse from Benzinga Newsdesk
ZipRecruiter reported Q2 financial results, leading to a drop in its share price. Evercore ISI downgraded the stock from Outperform to Neutral and lowered its price target from $20 to $18.
August 09, 2023 | 1:08 pm
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ZipRecruiter's Q2 financial results led to a drop in its share price. The stock was also downgraded by Evercore ISI, with a lowered price target.
ZipRecruiter's Q2 financial results were not well received by the market, leading to a drop in its share price. This negative sentiment was further compounded by Evercore ISI's downgrade of the stock and a lowered price target, which suggests a bearish outlook for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100