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

Vimeo (NASDAQ:VMEO) issued its earnings results on Monday. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04, Briefing.com reports. The firm had revenue of $104.56 million for the quarter, compared to analyst estimates of $99.48 million. Vimeo had a return on equity of 8.59% and a net margin of 7.85%. Vimeo’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Vimeo updated its Q4 2024 guidance to EPS.

Vimeo Stock Down 1.0 %

Shares of NASDAQ VMEO opened at $4.81 on Tuesday. Vimeo has a 52-week low of $3.25 and a 52-week high of $5.77. The company’s 50-day simple moving average is $5.00 and its 200-day simple moving average is $4.33. The firm has a market cap of $797.50 million, a price-to-earnings ratio of 24.05 and a beta of 2.08.

Insider Activity at Vimeo

In other news, CEO Philip D. Moyer bought 32,051 shares of the firm’s stock in a transaction dated 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 in the company, valued at $7,997,328.30. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VMEO. Truist Financial lifted their price objective on Vimeo from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Piper Sandler increased their price target on shares of Vimeo from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th.

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.