Vimeo (NASDAQ:VMEO) Trading 3.9% Higher

Vimeo, Inc. (NASDAQ:VMEO)’s stock price traded up 3.9% during mid-day trading on Friday . The company traded as high as $5.36 and last traded at $5.35. 870,950 shares were traded during mid-day trading, a decline of 60% from the average session volume of 2,158,244 shares. The stock had previously closed at $5.15.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Piper Sandler boosted their target price on Vimeo from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Truist Financial boosted their target price on Vimeo from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th.

Vimeo Price Performance

The company has a market capitalization of $887.03 million, a price-to-earnings ratio of 31.47 and a beta of 2.03. The firm has a 50-day moving average price of $4.21 and a two-hundred day moving average price of $4.14.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings data 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. The company had revenue of $104.38 million during the quarter, compared to analysts’ expectations of $99.45 million. Vimeo had a return on equity of 8.59% and a net margin of 7.85%. Vimeo’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 earnings per share. On average, equities analysts predict that Vimeo, Inc. will post 0.08 EPS for the current year.

Insider Activity at Vimeo

In related news, CEO Philip D. Moyer purchased 32,051 shares of Vimeo stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 1,712,490 shares of the company’s stock, valued at approximately $7,997,328.30. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VMEO. Vanguard Personalized Indexing Management LLC acquired a new position in Vimeo during the second quarter valued at approximately $41,000. DekaBank Deutsche Girozentrale acquired a new position in Vimeo during the second quarter valued at approximately $42,000. Headlands Technologies LLC raised its stake in Vimeo by 4,565.2% in the first quarter. Headlands Technologies LLC now owns 11,943 shares of the company’s stock valued at $49,000 after buying an additional 11,687 shares during the period. Qtron Investments LLC bought a new stake in Vimeo in the fourth quarter valued at approximately $50,000. Finally, Covestor Ltd raised its stake in Vimeo by 53.4% in the first quarter. Covestor Ltd now owns 13,629 shares of the company’s stock valued at $56,000 after buying an additional 4,743 shares during the period. 84.97% of the stock is owned by institutional investors and hedge funds.

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.