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NEW YORK—Gillian Munson, the Chief Financial Officer of Vimeo , Inc. (NASDAQ:VMEO), recently acquired 7,272 shares of the company’s common stock. This purchase, made on February 21, 2025, was executed at a price of $5.41 per share, amounting to a total transaction value of $39,329. The timing of this insider purchase is notable, as InvestingPro data shows the stock has declined 19% in the past week, with its RSI indicating oversold conditions.
Following this acquisition, Munson’s total direct holdings in Vimeo increased to 864,287 shares. This figure includes the newly purchased shares, previously awarded restricted stock units totaling 275,934, and 581,081 shares of the company’s common stock. The company maintains strong financial health with a current ratio of 1.68 and minimal debt, while generating positive free cash flow with a yield of 6%.
The transaction was disclosed in a regulatory filing with the Securities and Exchange Commission. According to InvestingPro, Vimeo appears undervalued based on its Fair Value analysis, with analysts setting price targets between $7 and $10. Discover more insights and 11 additional ProTips for VMEO with an InvestingPro subscription.
In other recent news, Vimeo Inc. reported its fourth-quarter 2024 earnings, revealing a revenue of $103.2 million, which surpassed the expected $99.76 million. The company’s earnings per share (EPS) met analyst projections at $0.01. Despite these positive financial results, Vimeo’s stock experienced a notable decline following the announcement, reflecting potential investor concerns about future growth. Vimeo plans to invest up to $30 million strategically to enhance its AI, video formats, security, and enterprise solutions, aiming for double-digit growth by the year’s end. The company’s cash reserves exceed $300 million, and it has significantly reduced non-GAAP operating expenses from $90 million to $70 million. Vimeo also completed over $30 million in stock buybacks, signaling confidence in its valuation. Analysts from firms like Piper Sandler have shown interest in Vimeo’s AI capabilities and enterprise growth strategy, which have been significant drivers of recent enterprise bookings. These developments highlight Vimeo’s focus on leveraging technological advancements and financial stability to drive future growth.
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