The Vanguard Group, Inc. recently announced the acquisition of new stake in Vimeo Inc. (NASDAQ:VMEO). The institutional investor has increased its shareholding in the Technology company by 1.24% to 13.24 million shares with purchase of 0.16 million shares. This fresh investment now brings its stake to 8.42% valued currently at $43.57 million. In addition, D. E. Shaw & Co. LP raised its holdings by 1.06 million to 4.49 million shares. And SSgA Funds Management, Inc. has lifted its position by 24.77% or 0.83 million shares – to 4.18 million shares.
With over 2.32 million Vimeo Inc. (VMEO) shares trading Monday and a closing price of $3.92 on the day, the dollar volume was approximately $9.1 million. The shares have shown a negative half year performance of -8.20% and its price on 05/22/23 gained nearly 6.23%. Currently, there are 161.83M common shares owned by the public and among those 149.52M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for VMEO have a consensus price objective of $6.40. The analysts have set the share’s price value over the next 12 months at a high of $7.00 and a low of $5.00. The average price target is 38.75% above its recent price level and an upside to the estimated low will see the stock gain 21.6% over that period. But an upside of 44.0% will see the stock hit the forecast high price target while median target price for the stock is $7.00.
Insiders at the company have transacted a total of 25 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 527,516 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 195,319 shares.
The top 3 mutual fund holders in Vimeo Inc. are Longleaf Partners Small Cap Fund, T Rowe Price Small Cap Stock Fund, and Vanguard Total Stock Market ETF. Longleaf Partners Small Cap Fund owns 10.26 million shares of the company’s stock, all valued at over $33.77 million. The company bought an additional 3.8 million shares recently to bring their total holdings to about 6.53% of the shares outstanding. T Rowe Price Small Cap Stock Fund bought 1.74 million shares to see its total holdings expand to 4.47 million shares valued at over $14.7 million and representing 2.84% of the shares outstanding. Vanguard Total Stock Market ETF now owns shares totaling to 2.53% of the shares outstanding.
Shares of Vimeo Inc. (NASDAQ: VMEO) opened at $3.71, up $0.02 from a prior closing price of $3.69. However, the script later moved the day high at 3.9600, up 6.23%. The company’s stock has a 5-day price change of 7.69% and -1.01% over the past three months. VMEO shares are trading 14.29% year to date (YTD), with the 12-month market performance down to -56.30% lower. It has a 12-month low price of $3.07 and touched a high of $9.29 over the same period. VMEO has an average intraday trading volume of 1.87 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.81%, 11.17%, and -7.15% respectively.
Institutional ownership of Vimeo Inc. (NASDAQ: VMEO) shares accounts for 91.40% of the company’s 161.83M shares outstanding. Mutual fund holders own 40.99%, while other institutional holders and individual stakeholders account for 41.78% and 2.47% respectively.
It has a market capitalization of $660.44M. The earnings-per-share (ttm) stands at -$0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.78% over the week and 4.71% over the month.
Analysts forecast that Vimeo Inc. (VMEO) will achieve an EPS of -$0.1 for the current quarter, -$0.09 for the next quarter and -$0.22 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.11 while analysts give the company a high EPS estimate of -$0.09. Comparatively, EPS for the current quarter was -$0.16 a year ago. Earnings per share for the fiscal year are expected to decrease by -49.30%, and 18.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Vimeo Inc. (VMEO) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 3 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
