FY2024 Earnings Estimate for Vimeo, Inc. (NASDAQ:VMEO) Issued By KeyCorp

Vimeo, Inc. (NASDAQ:VMEOGet Rating) – Equities research analysts at KeyCorp issued their FY2024 earnings per share (EPS) estimates for shares of Vimeo in a report issued on Tuesday, August 2nd. KeyCorp analyst J. Patterson anticipates that the company will post earnings of ($0.30) per share for the year. The consensus estimate for Vimeo’s current full-year earnings is ($0.59) per share.

Separately, Piper Sandler cut Vimeo from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $10.00 in a research report on Thursday, May 5th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.29.

Vimeo Trading Up 0.3 %

NASDAQ:VMEO opened at $6.83 on Thursday. Vimeo has a 1-year low of $5.33 and a 1-year high of $45.78. The business’s 50-day moving average price is $6.80 and its two-hundred day moving average price is $10.02. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -13.39 and a beta of 1.56.

Vimeo (NASDAQ:VMEOGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The firm had revenue of $110.98 million for the quarter, compared to analysts’ expectations of $108.67 million. Vimeo had a negative return on equity of 16.66% and a negative net margin of 20.13%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. purchased a new stake in Vimeo in the fourth quarter worth about $27,000. Fifth Third Bancorp bought a new stake in shares of Vimeo during the 4th quarter valued at $29,000. Parkside Financial Bank & Trust purchased a new position in shares of Vimeo during the 4th quarter valued at $39,000. Schroder Investment Management Group purchased a new stake in Vimeo in the 4th quarter worth $45,000. Finally, Hardy Reed LLC bought a new stake in shares of Vimeo in the 1st quarter worth about $36,000. Institutional investors own 78.94% of the company’s stock.

Vimeo Company Profile

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Vimeo, Inc, together with its subsidiaries, provides video software solutions in New York and internationally. The company provides the video tools through a software-as-a-service model, which enables its users to create, collaborate, and communicate with video on a single platform. It also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.

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Earnings History and Estimates for Vimeo (NASDAQ:VMEO)

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