Vimeo, Inc. (NASDAQ:VMEO – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Research Report on VMEO
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.
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