Vimeo, Inc. (NASDAQ:VMEO) CEO Philip D. Moyer Acquires 32,051 Shares

Vimeo, Inc. (NASDAQ:VMEO) CEO Philip D. Moyer acquired 32,051 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average cost of $4.67 per share, with a total value of $149,678.17. Following the purchase, the chief executive officer now owns 1,712,490 shares of the company’s stock, valued at $7,997,328.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Vimeo Price Performance

Shares of NASDAQ VMEO traded up $0.09 during midday trading on Wednesday, hitting $4.47. The company’s stock had a trading volume of 2,535,057 shares, compared to its average volume of 2,249,953. Vimeo, Inc. has a 1 year low of $3.02 and a 1 year high of $5.77. The firm has a market capitalization of $756.62 million, a price-to-earnings ratio of 26.65 and a beta of 2.03. The business’s fifty day simple moving average is $3.78 and its two-hundred day simple moving average is $3.99.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Monday, August 5th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. Vimeo had a return on equity of 7.71% and a net margin of 6.88%. The firm had revenue of $104.38 million during the quarter, compared to analysts’ expectations of $99.45 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that Vimeo, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Vimeo

Several large investors have recently modified their holdings of VMEO. Acadian Asset Management LLC grew its position in Vimeo by 3.8% during the second quarter. Acadian Asset Management LLC now owns 1,880,837 shares of the company’s stock worth $7,013,000 after buying an additional 68,195 shares during the period. Victory Capital Management Inc. raised its stake in Vimeo by 84.0% in the 2nd quarter. Victory Capital Management Inc. now owns 55,737 shares of the company’s stock valued at $208,000 after purchasing an additional 25,443 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Vimeo by 6.8% in the 2nd quarter. Principal Financial Group Inc. now owns 79,941 shares of the company’s stock valued at $298,000 after purchasing an additional 5,107 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Vimeo by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 638,944 shares of the company’s stock valued at $2,383,000 after buying an additional 34,316 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Vimeo by 42.4% during the second quarter. Nisa Investment Advisors LLC now owns 17,318 shares of the company’s stock valued at $65,000 after buying an additional 5,160 shares during the period. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on VMEO. Piper Sandler increased their price target on shares of Vimeo from $4.50 to $5.00 and gave the company a “neutral” rating in a research report on Tuesday. Truist Financial increased 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.

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.