A look into Vimeo Inc. (VMEO)’s deeper side

Vimeo Inc. (NASDAQ: VMEO) stock fell -3.34% on Thursday to $3.76 against a previous-day closing price of $3.89. With 0.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.87 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $3.9492 whereas the lowest price it dropped to was $3.7400. The 52-week range on VMEO shows that it touched its highest point at $9.15 and its lowest point at $3.07 during that stretch. It currently has a 1-year price target of $6.40.

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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 0.27%, but this was up by 14.63% over a month. Three-month performance surged to 3.87% while six-month performance fell -10.26%. The stock lost -54.37% in the past year, while it has gained 9.62% so far this year. A look at the trailing 12-month EPS for VMEO yields -0.33 with Next year EPS estimates of -0.22. For the next quarter, that number is -0.10. This implies an EPS growth rate of -49.30% for this year and 18.50% for next year.

Float and Shares Shorts:

At present, 161.83 million VMEO shares are outstanding with a float of 149.52 million shares on hand for trading. On May 14, 2023, short shares totaled 7.14 million, which was 4.31% higher than short shares on Apr 13, 2023. In addition to Ms. Anjali Sud as the firm’s CEO & Director, Ms. Gillian Munson serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 94.19% of VMEO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.59% of VMEO, in contrast to 38.88% held by mutual funds. Shares owned by individuals account for 2.47%. As the largest shareholder in VMEO with 8.76% of the stake, The Vanguard Group, Inc. holds 13,767,471 shares worth 13,767,471. A second-largest stockholder of VMEO, BlackRock Fund Advisors, holds 10,672,665 shares, controlling over 6.79% of the firm’s shares. T. Rowe Price Investment Manageme is the third largest shareholder in VMEO, holding 9,969,878 shares or 6.34% stake. With a 3.97% stake in VMEO, the Longleaf Partners Small Cap Fund is the largest stakeholder. A total of 6,240,746 shares are owned by the mutual fund manager. The T Rowe Price Small Cap Stock Fund, which owns about 2.84% of VMEO stock, is the second-largest Mutual Fund holder. It holds 4,468,400 shares valued at 14.7 million. Vanguard Total Stock Market ETF holds 2.53% of the stake in VMEO, owning 3,982,389 shares worth 13.1 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, VMEO reported revenue of $110.98M and operating income of -$27.30M. The EBITDA in the recently reported quarter was -$23.25M and diluted EPS was -$0.16.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VMEO since 0 analysts follow the stock currently. 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 $7.00 and a low target of $5.00, the average target price over the next 12 months is $6.40. Based on these targets, VMEO could surge 86.17% to reach the target high and rise by 32.98% to reach the target low. Reaching the average price target will result in a growth of 70.21% 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.

Summary of Insider Activity:

Insiders traded VMEO stock several times over the past three months with 2 Buys and 2 Sells. In these transactions, 270,000 shares were bought while 195,319 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 527,516 while 195,319 shares were sold.

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