Vimeo (NASDAQ:VMEO - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05, Briefing.com reports. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. The company had revenue of $104.91 million for the quarter, compared to analysts' expectations of $100.40 million. The company's quarterly revenue was up 1.3% compared to the same quarter last year. Vimeo updated its Q2 2024 guidance to EPS and its FY 2024 guidance to EPS.
Vimeo Trading Up 0.5 %
VMEO stock traded up $0.02 during mid-day trading on Wednesday, reaching $3.94. 1,248,244 shares of the stock traded hands, compared to its average volume of 2,778,793. The stock's fifty day moving average is $4.26 and its 200-day moving average is $3.92. The company has a market cap of $662.08 million, a P/E ratio of 30.16 and a beta of 2.02. Vimeo has a 52-week low of $3.02 and a 52-week high of $5.77.
Analyst Upgrades and Downgrades
Separately, Piper Sandler reaffirmed a "neutral" rating and issued a $4.50 price target (up previously from $4.00) on shares of Vimeo in a report on Tuesday.
Read Our Latest Report on Vimeo
Vimeo Company Profile
(
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Vimeo, Inc, together with its subsidiaries, provides video software solutions worldwide. It 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. The company 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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