Vimeo director Glenn Schiffman purchases $106,199 in common stock

Published 24/02/2025, 22:12
Vimeo director Glenn Schiffman purchases $106,199 in common stock

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.