During the last session, Vimeo Inc (NASDAQ:VMEO)’s traded shares were 2.34 million, with the beta value of the company hitting 2.09. At the end of the trading day, the stock’s price was $5.35, reflecting an intraday loss of -1.11% or -$0.06. The 52-week high for the VMEO share is $5.53, that puts it down -3.36 from that peak though still a striking 43.55% gain since the share price plummeted to a 52-week low of $3.02. The company’s market capitalization is $899.01M, and the average intraday trading volume over the past 10 days was 4.46 million shares, and the average trade volume was 1.99 million shares over the past three months.
Vimeo Inc (NASDAQ:VMEO) trade information
Vimeo Inc (VMEO) registered a -1.11% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.11% in intraday trading to $5.35, hitting a weekly high. The stock’s 5-day price performance is 4.70%, and it has moved by 35.44% in 30 days. Based on these gigs, the overall price performance for the year is 52.42%. The short interest in Vimeo Inc (NASDAQ:VMEO) is 3.32 million shares and it means that shorts have 1.64 day(s) to cover.
Vimeo Inc (VMEO) estimates and forecasts
Statistics show that Vimeo Inc has underperformed its competitors in share price, compared to the industry in which it operates. Vimeo Inc (VMEO) shares have gone up 37.53% during the last six months, with a year-to-date growth rate less than the industry average at -100.00% against 20.60. In the rating firms’ projections, revenue will decrease -5.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $100.26 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $97.78 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $102.09 million and $101.83 million respectively. In this case, analysts expect current quarter sales to shrink by -1.80% and then drop by -4.00% in the coming quarter.
While earnings are projected to return -91.21% in 2024.
VMEO Dividends
Vimeo Inc is due to release its next quarterly earnings between May 01 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Vimeo Inc (NASDAQ:VMEO)’s Major holders
Vimeo Inc insiders own 7.56% of total outstanding shares while institutional holders control 92.25%, with the float percentage being 99.80%. Vanguard Group Inc is the largest shareholder of the company, while 316 institutions own stock in it. As of Jun 29, 2023, the company held over 14.78 million shares (or 9.38% of all shares), a total value of $60.88 million in shares.
The next largest institutional holding, with 13.31 million shares, is of Blackrock Inc.’s that is approximately 8.45% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $54.85 million.
Also, the Mutual Funds coming in first place with the largest holdings of Vimeo Inc (VMEO) shares are Price (T.Rowe) Small Cap Stock Fund and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2023 indicates that Price (T.Rowe) Small Cap Stock Fund owns about 4.96 million shares. This amounts to just over 3.15 percent of the company’s overall shares, with a $20.42 million market value. The same data shows that the other fund manager holds slightly less at 3.98 million, or about 2.53% of the stock, which is worth about $16.41 million.
