Vimeo (VMEO) to Release Quarterly Earnings on Monday

Vimeo (NASDAQ:VMEO) will be announcing its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Vimeo (NASDAQ:VMEO) last released its quarterly earnings results on Monday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $104.38 million for the quarter, compared to the consensus estimate of $99.45 million. Vimeo had a return on equity of 8.59% and a net margin of 7.85%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. 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

Vimeo stock opened at $4.86 on Friday. Vimeo has a one year low of $3.09 and a one year high of $5.77. The stock has a fifty day moving average of $5.00 and a 200 day moving average of $4.31. The stock has a market cap of $805.79 million, a PE ratio of 24.30 and a beta of 2.08.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Vimeo

In other news, CEO Philip D. Moyer purchased 32,051 shares of the stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $4.67 per share, with a total value of $149,678.17. Following the completion of the acquisition, the chief executive officer now directly owns 1,712,490 shares of the company’s stock, valued at $7,997,328.30. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 6.30% of the company’s stock.

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.