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

Vimeo (NASDAQ:VMEO) announced its quarterly earnings data on Monday. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $104.56 million during the quarter, compared to analysts’ expectations of $99.48 million. During the same quarter in the prior year, the company earned $0.05 EPS. Vimeo’s revenue was down 1.6% compared to the same quarter last year. Vimeo updated its Q4 2024 guidance to EPS.

Vimeo Price Performance

NASDAQ:VMEO opened at $5.90 on Tuesday. The company’s 50-day moving average is $5.00 and its two-hundred day moving average is $4.33. Vimeo has a 1-year low of $3.25 and a 1-year high of $5.90. The firm has a market capitalization of $978.22 million, a price-to-earnings ratio of 24.05 and a beta of 2.08.

Insider Transactions at Vimeo

In other Vimeo news, CEO Philip D. Moyer acquired 32,051 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average cost of $4.67 per share, for a total transaction 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 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 this link. Insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

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