Latest news with #ZIP
Otago Daily Times
4 days ago
- General
- Otago Daily Times
Pests impede deer repellent trial
Possums are interfering with a trial to find out if white-tail deer avoid bait laced with a deer repellent. The trial, taking place on Stewart Island, is designed by Manaaki Whenua — Landcare Research, which will analyse the data while Zero Invasive Predators (ZIP) staff do the field work. Non-toxic cereal bait, with and without deer repellent, is being placed in front of trail cameras to observe how white-tailed deer interact with it. The trial is being carried out on public conservation land at Halfmoon Bay. Last year, the Department of Conservation (Doc) announced plans to drop 1080 cereal bait to reduce the feral cat population endangering the southern New Zealand dotterel/pukunui on Stewart Island. About 43,000ha of Rakiura National Park will be poisoned between June and September. The park, including bookable hunting blocks, will remain open during the operation but bait laced with deer repellent will be used within bookable hunting blocks only. ZIP operations director Duncan Kay said progress in the trial had been slower than expected, due to the thriving population of possums on the island. "They seem to be faster at finding these baits than the deer, reducing our chances of recording deer interactions." The trial, requested by hunters, aimed to find out if deer repellent reduced the impact of aerial 1080 on Stewart Island's white-tailed deer population, Mr Kay said. It would also show if adding deer repellent reduced the effectiveness of 1080 cereal bait on key target species such as ship rats, Norway rats and kiore. So far 20 deer had interacted with the bait and none had eaten it, Mr Kay said. "We need to record at least 100 interactions, where a white-tail deer approaches close enough to see and smell the bait, to form a statistically meaningful data set." The trial would continue until sufficient data was collected, which could take several more months, he said. A second trial would run during the aerial 1080 operation, when bait containing deer repellent would be dropped in the bookable hunting blocks. Deer repellent had been used in aerial operations elsewhere in New Zealand and had been shown to reduce impacts on deer species including red deer, he said. It is estimated the six-year Predator Free Rakiura project to eradicate pests will cost between $85 million-$90m. New Zealand Deerstalkers Association president Callum Sheridan said his group advocated for the use of deer repellent in all 1080 bait. "The excuse is there is not enough budget for it." Each year the association met groups, including Doc, which planned to use aerial 1080 poisoning to discuss where deer repellent would be included in bait drops. However, the area where deer repellent was used was very small compared with the total area where 1080 was dropped, he said. "You would think it was a public safety risk, especially in the areas where people are going to harvest game meat, that you would just put deer repellent in it as a matter of course because that's the intelligent thing to do."
Yahoo
03-04-2025
- Business
- Yahoo
ZipRecruiter, Inc. (ZIP): A Bull Case Theory
We came across a bullish thesis on ZipRecruiter, Inc. (ZIP) on Substack by Unemployed Value Degen and Value Don't Lie. In this article, we will summarize the bulls' thesis on ZIP. ZipRecruiter, Inc. (ZIP)'s share was trading at $6.27 as of April 2nd. ZIP's trailing and forward P/E were 34.29 and 31.15 respectively according to Yahoo Finance. kurhan/ ZipRecruiter (ZIP) has undergone a dramatic transformation, experiencing a steep decline in revenue from its 2022 peak of $905 million to $474 million in 2024. This 48% drop is a direct result of the ongoing white-collar hiring slowdown, exacerbated by the tech industry's efficiency-driven cost-cutting and the uncertain impact of AI on employment. Despite this downturn, ZIP remains a key player in the online job marketplace, leveraging its AI-powered job board to create value for both job seekers and employers. While overall hiring demand has slowed, ZIP has strategically focused on deepening its relationships with employers, leading to a significant increase in average spending per customer. Employers who started using ZIP in 2023 are already paying nearly double compared to their 2017 counterparts, showcasing the company's ability to extract more value from its existing user base even amid macroeconomic headwinds. The core challenge for ZIP is determining whether its revenue decline is a temporary cyclical setback or a more permanent loss of market share. Rough estimates suggest ZIP's market share in the online recruitment space peaked at 10% in 2022 but has since reverted to around 5% in 2024. This leaves open the critical question of whether the decline is primarily due to reduced hiring in ZIP's core industries or whether it is losing ground to competitors like Indeed and LinkedIn. The encouraging sign is that ZIP's most engaged employers continue to spend more, reflecting a sticky customer base that sees value in the platform. If white-collar hiring rebounds and ZIP can regain lost market share, its revenue could easily double from current levels. However, if the slowdown is structural rather than cyclical, ZIP may struggle to return to its previous highs. Despite the uncertainty, the valuation setup is compelling. ZIP is currently trading at just 1.22x price-to-sales, down from its peak multiple of over 3.0x. A simple return to historical multiples would more than double the stock price, but if revenues also recover, the potential upside becomes far more dramatic. A full return to peak revenue and valuation levels would imply a nearly 4.7x return. In a more aggressive scenario, where ZIP regains its lost employer base and scales further, the upside could reach 11x. The 48% decline in revenue understates the 66% decline in employers using the ZIP platform, and whether ZIP can reclaim this lost ground remains uncertain. However, with a sticky customer base and a strong value proposition, the company is positioned for significant upside if hiring conditions improve. Given the current price of $6.19, the price target for ZIP is between $25 and $64 at some point between 2026 and 2028. ZipRecruiter, Inc. (ZIP) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held ZIP at the end of the fourth quarter which was 14 in the previous quarter. While we acknowledge the risk and potential of ZIP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ZIP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Yahoo
27-02-2025
- Business
- Yahoo
ZipRecruiter Shares Plunge Over 15% as Barclays Downgrades Stock, Slashes Price Target
ZipRecruiter (ZIP, Financials) shares dropped 15.9% to $5.66 on Wednesday after Barclays downgraded the stock from Overweight to Equal Weight and cut its price target from $10 to $6, citing concerns over earnings estimates and an uncertain revenue growth trajectory. Warning! GuruFocus has detected 5 Warning Signs with ZIP. Having dropped around 46% over the last year, the company now trades at a P/E ratio of 156x. Though its 2025 EBITDA margin projection fell short of expectations, ZipRecruiter posted fourth-quarter income of $111 million, above the average forecast of $107.77 million. Barclays underlined as a factor affecting profitability growing marketing and sales expenditures. The company expects difficulties ahead despite a gross profit margin of 89.5% and a current ratio of 7.4x. Through the purchase of UK-based company rating site Break Room and new product introductions to generate future income, ZipRecruiter has been broadening its market footprint. Strong user involvement was also shown by a 15% year-over-year rise in online traffic. Analysts remain wary about possible income growth in late 2025, which the business anticipates depending on a labor market rebound. Other companies also changed their views about ZipRecruiter. Goldman Sachs dropped its target to $8, still keeping a neutral rating; Evercore ISI trimmed its aim to $10. Investors are attentively observing how more marketing initiatives will affect general financial performance and revenue development. This article first appeared on GuruFocus. Sign in to access your portfolio
Associated Press
29-01-2025
- Automotive
- Associated Press
Envirotech Vehicles, Inc. (NASDAQ:EVTV) Announces Sales Order Pipeline Update in the State of New Jersey for 2025
OSCEOLA, AR / ACCESS Newswire / January 29, 2025 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), today announced that the company has orders for 48 vehicles to New Jersey customers that have been awarded vouchers under the New Jersey Zero Emission Incentive Program ('NJ ZIP'). If the customers that have been awarded vouchers elect to purchase a vehicle through the program, the company expects to generate up to $5,275,200 in revenue for the vehicles. President of Envirotech, Jason Maddox, emphasized the company's strategic focus and commitment to electric commercial vehicle customers in New Jersey. 'As we start to build out our sales force, Envirotech's 2025 sales pipeline is already off to a strong start. These orders have been the result of a deliberate and focused effort in the State of New Jersey, supported by the recent expansion of our New Jersey service center. Thanks to the NJ ZIP, small business owners can offset some of their upfront electric vehicle costs making it more affordable to go electric.' Maddox also highlighted the company's broader growth strategy: 'Our focused and complete efforts in New Jersey serve as a blueprint for future expansion. We plan to grow our network by opening additional dealerships and service centers in other key cities, extending the same high level of service and support to customers across the country.' He further emphasized the financial benefits for small businesses, adding: 'The reduced upfront vehicle investment, combined with lower maintenance costs than traditional ICE vehicles as well as fuel cost savings, significantly improves the bottom line for our customers. We anticipate delivering on these vehicle orders beginning within the next 45 days.' NJ ZIP is a $90 million voucher pilot launched by New Jersey Economic Development Authority ('NJEDA') for Medium and Heavy Duty Zero-Emission Vehicles. This pilot is funded by Regional Greenhouse Gas Initiative ('RGGI') proceeds allocated to NJEDA for the purposes of reducing harmful emissions, especially in communities disproportionately impacted by transportation emissions, and creating economic opportunity within the state. The program will provide vouchers with base values ranging between $20,000 to $175,000. The goal of the program is to accelerate the adoption and use of zero-emission medium and heavy-duty vehicles within New Jersey; to reduce emissions within the state; and to continue to allow NJEDA to determine and stimulate market-readiness, assess effectiveness of funding levels and program design, and test methodologies for measuring economic impact of such adoption. The pilot is being used as a vehicle to support the growth of the NJ zero-emission vehicle ecosystem, with accelerated adoption of zero-emission vehicles being the first step to attracting more jobs and investment, as other zero-emission vehicle programs and regulations roll out across multiple state agencies. Business owners that are awarded vouchers are not required to purchase the electric vehicles listed in their application and may cancel existing orders to purchase the company's vehicles. Business owners interested in learning about Envirotech's vehicle offering under NJ ZIP, and what vouchers may be available to them from the New Jersey Economic Development Authority should contact Envirotech at About Envirotech Vehicles Envirotech Vehicles, Inc. (NASDAQ: EVTV) is a technology company dedicated to revolutionizing the electric vehicle landscape by designing and manufacturing electric commercial vehicles that offer sustainable, efficient, and cost-effective transportation solutions. Committed to driving the future of mobility, Envirotech is pushing the boundaries of innovation and sustainability. For more information, visit Cautionary Statement Regarding Forward-Looking Statements Statements made in this press release that relate to future plans, events, financial results, prospects, or performance are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions, and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including the risk that customers may not elect to redeem their voucher to purchase an electric vehicle and the risks and uncertainties disclosed in reports filed by Envirotech Vehicles with the Securities and Exchange Commission, all of which are available online at All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words 'will,' 'estimated,' 'planned,' 'expected,' 'believes,' 'strategy,' 'opportunity,' 'anticipated,' 'outlook,' 'designed,' and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, Envirotech undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances, or unanticipated events. Contact: Envirotech Vehicles, Inc.
