Vimeo Inc. (NASDAQ: VMEO) stock fell -2.41% on Monday to $3.64 against a previous-day closing price of $3.73. With 0.93 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.3 million shares. The 52-week range on VMEO shows that it touched its highest point at $5.19 and its lowest point at $3.07 during that stretch. It currently has a 1-year price target of $6.50. Beta for the stock currently stands at 1.91.
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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 down-trending over the past week, with a drop of -7.14%, but this was down by -8.54% over a month. Three-month performance dropped to -16.89% while six-month performance rose 4.00%. The stock lost -28.63% in the past year, while it has gained 6.12% so far this year. A look at the trailing 12-month EPS for VMEO yields -0.13 with Next year EPS estimates of -0.10. For the next quarter, that number is -0.05. This implies an EPS growth rate of -49.30% for this year and -42.90% for next year.
Float and Shares Shorts:
At present, 162.73 million VMEO shares are outstanding with a float of 146.18 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.22 million, which was 1.93% higher than short shares on Jul 30, 2023. In addition to Mr. Adam Gross as the firm’s Interim CEO & Director, Ms. Gillian Munson serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 88.17% of VMEO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.26% of VMEO, in contrast to 38.18% held by mutual funds. Shares owned by individuals account for 2.86%. As the largest shareholder in VMEO with 9.22% of the stake, The Vanguard Group, Inc. holds 14,509,888 shares worth 14,509,888. A second-largest stockholder of VMEO, T. Rowe Price Investment Manageme, holds 11,160,293 shares, controlling over 7.09% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in VMEO, holding 10,096,846 shares or 6.41% stake. With a 3.15% stake in VMEO, the T Rowe Price Small Cap Stock Fund is the largest stakeholder. A total of 4,955,600 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.53% of VMEO stock, is the second-largest Mutual Fund holder. It holds 3,982,389 shares valued at 15.85 million. Vanguard Small Cap Index Fund holds 2.32% of the stake in VMEO, owning 3,652,054 shares worth 14.54 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 Jun 29, 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 $5.50, the average target price over the next 12 months is $6.50. Based on these targets, VMEO could surge 92.31% to reach the target high and rise by 51.1% to reach the target low. Reaching the average price target will result in a growth of 78.57% 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 3 Buys and 0 Sells. In these transactions, 12,118 shares were bought while 0 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 685,258 while 195,319 shares were sold.
