Vimeo Inc (NASDAQ: VMEO) stock jumped 1.33% on Monday to $3.81 against a previous-day closing price of $3.76. With 0.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.97 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $3.8700 whereas the lowest price it dropped to was $3.7700. The 52-week range on VMEO shows that it touched its highest point at $5.19 and its lowest point at $3.02 during that stretch. It currently has a 1-year price target of $6.50. Beta for the stock currently stands at 2.02.

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 8.55%, but this was up by 22.51% over a month. Three-month performance dropped to -5.22% while six-month performance fell -2.81%. The stock lost -10.77% in the past year, while it has gained 11.08% so far this year. A look at the trailing 12-month EPS for VMEO yields 0.05 with Next year EPS estimates of -0.08. For the next quarter, that number is -0.01. This implies an EPS growth rate of 115.99% for this year and -206.38% for next year.

Float and Shares Shorts:

At present, 157.19 million VMEO shares are outstanding with a float of 143.70 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.84 million, which was 2.30% higher than short shares on Sep 28, 2023. In addition to VMEO as the firm’s Vimeo, Inc., VMO serves as its Invesco Municipal Opportunity T.

Institutional Ownership:

Through their ownership of 88.17% of VMEO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 47.67% of VMEO, in contrast to 40.09% held by mutual funds. Shares owned by individuals account for 2.86%. As the largest shareholder in VMEO with 9.52% of the stake, The Vanguard Group, Inc. holds 14,993,895 shares worth 14,993,895. A second-largest stockholder of VMEO, T. Rowe Price Investment Manageme, holds 10,885,633 shares, controlling over 6.91% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in VMEO, holding 10,014,869 shares or 6.36% stake. With a 3.14% stake in VMEO, the T Rowe Price Small Cap Stock Fund is the largest stakeholder. A total of 4,948,300 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 12.27 million. Vanguard Small Cap Index Fund holds 2.31% of the stake in VMEO, owning 3,641,594 shares worth 11.22 million.

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 83.73% to reach the target high and rise by 44.36% to reach the target low. Reaching the average price target will result in a growth of 70.6% from current levels.

Summary of Insider Activity:

Insiders traded VMEO stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 146,641 shares were bought while 4,984 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 816,355 while 200,303 shares were sold.

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