Vimeo Inc. (NASDAQ: VMEO) stock jumped 12.24% on Friday to $6.42 against a previous-day closing price of $5.72. With 2.37 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.26 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $6.42 whereas the lowest price it dropped to was $5.62. The 52-week range on VMEO shows that it touched its highest point at $45.88 and its lowest point at $5.33 during that stretch. It currently has a 1-year price target of $14.40.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VMEO was up-trending over the past week, with a rise of 12.24%, but this was up by 3.05% over a month. Three-month performance dropped to -39.55% while six-month performance fell -56.18%. The stock lost -85.64% in the past year, while it has lost -64.25% so far this year. A look at the trailing 12-month EPS for VMEO yields -0.51 with Next year EPS estimates of -0.47. For the next quarter, that number is -0.17. This implies an EPS growth rate of -3.90% for this year and 17.20% for next year.
Float and Shares Shorts:
At present, 161.31 million VMEO shares are outstanding with a float of 149.38 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.12 million, which was 3.68% higher than short shares on Jun 14, 2022. In addition to Ms. Anjali Sud as the firm’s CEO & Director, Mr. Mark Kornfilt serves as its Pres.
Institutional Ownership:
Through their ownership of 94.71% of VMEO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.69% of VMEO, in contrast to 32.86% held by mutual funds. Shares owned by individuals account for 2.19%. As the largest shareholder in VMEO with 8.69% of the stake, Fidelity Management & Research Co holds 13,639,937 shares worth 13,639,937. A second-largest stockholder of VMEO, The Vanguard Group, Inc., holds 12,732,399 shares, controlling over 8.12% of the firm’s shares. Southeastern Asset Management, In is the third largest shareholder in VMEO, holding 11,296,320 shares or 7.20% stake. With a 4.12% stake in VMEO, the Longleaf Partners Small Cap Fund is the largest stakeholder. A total of 6,460,796 shares are owned by the mutual fund manager. The Fidelity Growth Company Fund, which owns about 3.25% of VMEO stock, is the second-largest Mutual Fund holder. It holds 5,091,004 shares valued at 30.65 million. Vanguard Total Stock Market Index holds 2.49% of the stake in VMEO, owning 3,899,740 shares worth 23.48 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VMEO since 7 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VMEO analysts setting a high price target of $20.00 and a low target of $8.00, the average target price over the next 12 months is $13.00. Based on these targets, VMEO could surge 211.53% to reach the target high and rise by 24.61% to reach the target low. Reaching the average price target will result in a growth of 102.49% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. VMEO will report FY 2022 earnings on 02/08/2023. Analysts have provided yearly estimates in a range of -$0.56 being high and -$0.60 being low. For VMEO, this leads to a yearly average estimate of -$0.58. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Vimeo Inc. surprised analysts by -$0.01 when it reported -$0.16 EPS against a consensus estimate of -$0.15. The surprise factor in the prior quarter was -$0.07. Based on analyst estimates, the high estimate for the next quarter is -$0.16 and the low estimate is -$0.19. The average estimate for the next quarter is thus -$0.17.
Summary of Insider Activity:
Insiders traded VMEO stock several times over the past three months with 9 Buys and 0 Sells. In these transactions, 216,315 shares were bought while 0 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 2,479,396 while 6,769 shares were sold.
