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.
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.
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.