The price of Vimeo Inc (NASDAQ:VMEO) shares last traded on Wall Street fell -18.73% to $5.51.
VMEO stock price is now -16.78% away from the 50-day moving average and 5.86% away from the 200-day moving average. The market capitalization of the company currently stands at $913.84M.
With the price target enhanced from $7 to $10, Piper Sandler Upgraded its rating from Neutral to Overweight for Vimeo Inc (NASDAQ: VMEO). On January 05, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $7 to quote $4, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Gross Adam, Director bought 50,000 shares of the company’s stock on Aug 12 ’24. The stock was bought for $250,400 at an average price of $5.01. Upon completion of the transaction, the Director now directly owns 282,247 shares in the company, valued at $1.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09 ’24, Director Schiffman Glenn bought 20,000 shares of the business’s stock. A total of $95,100 was incurred on buying the stock at an average price of $4.75. This leaves the insider owning 367,404 shares of the company worth $2.02 million. A total of 13.94% of the company’s stock is owned by insiders.
During the past 12 months, Vimeo Inc has had a low of $3.43 and a high of $7.90. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 1.67, and a quick ratio of 1.67.
The net profit margin was 7.92% and return on equity was 8.56% for VMEO. The company reported revenue of $103.16 million for the quarter, compared to $105.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.26 percent.
