Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Shares of ZipRecruiter (NYSE: ZIP) have surged over 13% Friday morning after reporting its second-quarter financial results on Thursday after the markets close.
The company reported a 55 cents per share loss, although revenue soared to $182.9m, coming in $22m ahead of consensus. Revenue also beat the $87.6m reported in the previous year's quarter.
“ZipRecruiter delivered record revenue in Q2, our first quarter as a public company. We are seeing high levels of activity on both sides of our marketplace and ZipRecruiter is helping America get back to work by actively connecting people to their next great opportunity,” said Ian Siegel, ZIP CEO.
Sales for the third quarter are forecast at $182m and $188m, up from the previous consensus of $158m.
The firm previously predicted full-year guidance of between $580m and $600m; however, after a strong performance, this has been raised to $651m to $665m.
ZipRecruiter's stock has been boosted by Raymond James, who raised the company's price target to $40 from $36. As a result, the share price is currently at $33.05, gaining 13.81%.
One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .