Vimeo (VMEO) to Release Earnings on Monday

Vimeo (NASDAQ:VMEO - Get Free Report) is set to announce its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.05. Vimeo had a net margin of 7.85% and a return on equity of 8.59%. The company had revenue of $104.38 million during the quarter, compared to the consensus estimate of $99.45 million. During the same quarter in the prior year, the firm posted $0.03 EPS. The firm's quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts expect Vimeo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Vimeo Trading Up 1.7 %

NASDAQ VMEO traded up $0.08 on Monday, hitting $4.86. 766,075 shares of the company's stock were exchanged, compared to its average volume of 1,922,212. The stock has a 50-day moving average of $5.03 and a 200-day moving average of $4.28. The stock has a market cap of $805.79 million, a price-to-earnings ratio of 23.90 and a beta of 2.08. Vimeo has a 52 week low of $3.02 and a 52 week high of $5.77.

Insiders Place Their Bets

In related news, CEO Philip D. Moyer bought 32,051 shares of the company's stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $4.67 per share, for a total transaction of $149,678.17. Following the transaction, the chief executive officer now directly owns 1,712,490 shares of the company's stock, valued at approximately $7,997,328.30. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VMEO shares. Truist Financial upped their price target on shares of Vimeo from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Tuesday, August 6th. Piper Sandler lifted their price target on Vimeo from $4.50 to $5.00 and gave the company a "neutral" rating in a research note on Tuesday, August 6th.

Vimeo Company Profile

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.