Vimeo, Inc. (NASDAQ:VMEO) Given Average Rating of “Hold” by Analysts

Shares of Vimeo, Inc. (NASDAQ:VMEO) have earned a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $7.0250.

Several analysts have commented on the stock. Piper Sandler cut shares of Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 target price for the company. in a research note on Wednesday, September 10th. Zacks Research cut shares of Vimeo from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vimeo in a research note on Wednesday, October 8th. Truist Financial reaffirmed a “hold” rating and issued a $7.85 target price (down from $8.00) on shares of Vimeo in a research note on Friday, September 12th. Finally, Wall Street Zen cut shares of Vimeo from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th.

Institutional Trading of Vimeo

Several hedge funds and other institutional investors have recently bought and sold shares of VMEO. Kopp Family Office LLC grew its stake in shares of Vimeo by 24.4% during the 2nd quarter. Kopp Family Office LLC now owns 640,444 shares of the company’s stock valued at $2,587,000 after buying an additional 125,571 shares during the period. Principal Financial Group Inc. grew its stake in shares of Vimeo by 4.3% during the 1st quarter. Principal Financial Group Inc. now owns 64,792 shares of the company’s stock valued at $341,000 after buying an additional 2,687 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Vimeo during the 2nd quarter valued at $45,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Vimeo during the 2nd quarter valued at $399,000. Finally, Teacher Retirement System of Texas grew its stake in shares of Vimeo by 3.8% during the 1st quarter. Teacher Retirement System of Texas now owns 495,018 shares of the company’s stock valued at $2,604,000 after buying an additional 18,113 shares during the period. 84.97% of the stock is owned by hedge funds and other institutional investors.

Vimeo Price Performance

Shares of VMEO opened at $7.80 on Tuesday. The firm has a 50 day simple moving average of $6.92 and a 200-day simple moving average of $5.23. Vimeo has a 1-year low of $3.64 and a 1-year high of $7.90. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 390.20 and a beta of 2.21.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings data on Tuesday, October 28th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Vimeo had a return on equity of 0.40% and a net margin of 0.38%.The business had revenue of $105.76 million for the quarter, compared to analysts’ expectations of $106.03 million. On average, equities analysts expect that Vimeo will post 0.16 earnings per share for the current fiscal year.

Vimeo Company Profile

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.