Vimeo (NASDAQ:VMEO - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.04, Briefing.com reports. The firm had revenue of $104.56 million for the quarter, compared to analysts' expectations of $99.48 million. Vimeo had a net margin of 7.85% and a return on equity of 8.59%. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS. Vimeo updated its Q4 2024 guidance to EPS.
Vimeo Price Performance
VMEO traded up $2.15 on Tuesday, reaching $6.96. 14,439,309 shares of the company's stock were exchanged, compared to its average volume of 1,954,314. Vimeo has a twelve month low of $3.25 and a twelve month high of $7.06. The stock has a market cap of $1.15 billion, a PE ratio of 34.80 and a beta of 2.08. The stock's fifty day moving average price is $5.00 and its 200-day moving average price is $4.33.
Insider Buying and Selling at Vimeo
In related news, CEO Philip D. Moyer acquired 32,051 shares of the stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $4.67 per share, with a total value of $149,678.17. Following the completion of the purchase, the chief executive officer now owns 1,712,490 shares of the company's stock, valued at approximately $7,997,328.30. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on VMEO. Piper Sandler reiterated a "neutral" rating and issued a $7.00 target price (up previously from $5.00) on shares of Vimeo in a research report on Tuesday. Truist Financial lifted their price objective on Vimeo from $7.00 to $9.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, TD Cowen increased their target price on Vimeo from $6.00 to $7.00 and gave the company a "hold" rating in a report on Tuesday.
Check Out Our Latest Research Report on VMEO
About Vimeo
(
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Vimeo, Inc, together with its subsidiaries, provides video software solutions worldwide. It provides the video tools through a software-as-a-service model, which enables its users to create, collaborate, and communicate with video on a single platform. The company also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.
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