Vimeo (VMEO) to Release Quarterly Earnings on Monday

Vimeo (NASDAQ:VMEO) is set to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

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

Vimeo Stock Performance

Shares of VMEO opened at $4.86 on Friday. The stock has a market capitalization of $805.79 million, a PE ratio of 24.30 and a beta of 2.08. The company’s fifty day moving average is $5.00 and its 200 day moving average is $4.31. Vimeo has a fifty-two week low of $3.09 and a fifty-two week high of $5.77.

Insider Buying and Selling

In other news, CEO Philip D. Moyer acquired 32,051 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $4.67 per share, for a total transaction of $149,678.17. Following the completion of 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Truist Financial boosted their target price 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 boosted their price objective on Vimeo from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th.

About Vimeo

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.