VMEO Stock Forecast 2024: Vimeo Inc Remains Weak With A Upside Of 22.37%

In the last trading session, 2.78 million shares of the Vimeo Inc (NASDAQ:VMEO) were traded, and its beta was 2.03. Most recently the company’s share price was $3.89, and it changed around -$0.11 or -2.75% from the last close, which brings the market valuation of the company to $653.68M. VMEO currently trades at a discount to its 52-week high of $5.77, offering almost -48.33% off that amount. The share price’s 52-week low was $3.02, which indicates that the current value has risen by an impressive 22.37% since then. We note from Vimeo Inc’s average daily trading volume that its 10-day average is 8.02 million shares, with the 3-month average coming to 3.08 million.

Vimeo Inc (NASDAQ:VMEO) trade information

Instantly VMEO has showed a red trend with a performance of -2.75% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -0.77% year-to-date, but still down -1.52% over the last five days. On the other hand, Vimeo Inc (NASDAQ:VMEO) is -22.36% down in the 30-day period. We can see from the shorts that 4.34 million shares have been sold at a short interest cover period of 1.22 day(s).

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The consensus price target as assigned by Wall Street analysts is $16, which translates to bulls needing to increase their stock price by 75.69% from its current value. Analyst projections state that VMEO is forecast to be at a low of $10 and a high of $22.

Vimeo Inc (VMEO) estimates and forecasts

Vimeo Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 9.89 percent over the past six months and at a -100.00% annual growth rate that is well below the industry average of 17.70%. The year-over-year growth rate is expected to be -5.10%, down from the previous year.

Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $100.26 million in revenue for the current quarter. 6 analysts expect Vimeo Inc to make $97.78 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $102.09 million and $101.83 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.80%. Forecasts for the next quarter put sales growth at -4.00%.

VMEO Dividends

Vimeo Inc’s next quarterly earnings report is expected to be released around May 01 and May 06.

Vimeo Inc (NASDAQ:VMEO)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 7.56% of Vimeo Inc shares, and 92.27% of them are in the hands of institutional investors. The stock currently has a share float of 99.82%. Vimeo Inc stock is held by 317 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 9.38% of the shares, which is about 14.78 million shares worth $60.88 million.

Blackrock Inc., with 8.45% or 13.31 million shares worth $54.85 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

Price (T.Rowe) Small Cap Stock Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 4.96 million shares worth $20.42 million, making up 3.15% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.98 million shares worth around $16.41 million, which represents about 2.53% of the total shares outstanding.