NEW YORK, March 13, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of ZipRecruiter, Inc. ("ZipRecruiter" or the "Company") (NYSE: ZIP). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether ZipRecruiter and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On February 21, 2023, post-market, ZipRecruiter issued a press release announcing the Company's financial results for the fourth quarter and full year 2022, as well as providing guidance for the first quarter and full year 2023. Among other items, ZipRecruiter reported quarterly and annual guidance that fell significantly below expectations, as well as fourth-quarter 2022 revenue that represented a 4% decline from the same period in the prior year.
On this news, ZipRecruiter's stock price fell $5.26 per share, or 22.62%, to close at $17.99 per share on February 22, 2023.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP
