Vimeo (NASDAQ:VMEO) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Vimeo (NASDAQ:VMEOGet Free Report) announced its quarterly earnings results on Monday. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04, Briefing.com reports. Vimeo had a net margin of 7.85% and a return on equity of 8.59%. The firm had revenue of $104.56 million for the quarter, compared to the consensus estimate of $99.48 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Vimeo updated its Q4 2024 guidance to EPS.

Vimeo Stock Up 22.7 %

Shares of NASDAQ VMEO opened at $5.90 on Tuesday. The firm has a market cap of $978.22 million, a price-to-earnings ratio of 24.05 and a beta of 2.08. The company’s 50-day simple moving average is $5.00 and its 200-day simple moving average is $4.33. Vimeo has a 52-week low of $3.25 and a 52-week high of $5.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VMEO shares. Piper Sandler raised their target price on Vimeo from $4.50 to $5.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Truist Financial raised their price objective on Vimeo from $6.00 to $7.00 and gave the company a “buy” rating in a report on Tuesday, August 6th.

Check Out Our Latest Research Report on Vimeo

Insider Buying and Selling

In other news, CEO Philip D. Moyer acquired 32,051 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average cost of $4.67 per share, for a total transaction of $149,678.17. Following the acquisition, the chief executive officer now owns 1,712,490 shares in the company, valued at approximately $7,997,328.30. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Vimeo Company Profile

(Get Free Report)

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.

See Also

Earnings History for Vimeo (NASDAQ:VMEO)

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