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Vimeo , Inc. (NASDAQ:VMEO) director Glenn Schiffman has acquired 20,000 shares of the company’s common stock, according to a recent SEC filing. The purchase was executed at a price range of $5.309 to $5.31 per share, with the total transaction amounting to $106,199. The timing is notable as InvestingPro data shows the stock has declined 19% in the past week, with technical indicators suggesting oversold conditions. This acquisition increases Schiffman’s direct ownership to approximately 387,404 shares, which includes restricted stock units and share units from Vimeo’s Deferred Compensation Plan for Non-Employee Directors. The transaction reflects Schiffman’s continued investment in the online video platform company, which maintains strong financial health with a current ratio of 1.68 and more cash than debt on its balance sheet. InvestingPro subscribers can access 10+ additional key insights and a comprehensive Pro Research Report, offering deeper analysis of Vimeo’s financial position and growth prospects.
In other recent news, Vimeo Inc. announced its fourth-quarter 2024 earnings, reporting a revenue of $103.2 million, which surpassed analyst expectations of $99.76 million. The company’s earnings per share met forecasts at $0.01. Despite these positive financial results, Vimeo’s stock experienced a notable decline in after-hours trading. Vimeo has introduced AI capabilities in 28 languages, which has positively impacted enterprise bookings. The company plans to invest up to $30 million in strategic initiatives aimed at enhancing AI, video formats, and security to drive growth. Vimeo’s cash reserves stand at over $300 million, with non-GAAP operating expenses reduced to $70 million from $90 million. The company is targeting double-digit growth by the end of the year, with future EPS forecasts for 2025 ranging from $0.02 to $0.05 per quarter. Piper Sandler and TD Cowen analysts have shown interest in Vimeo’s growth strategy and technological advancements, particularly in AI and enterprise solutions.
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