Vimeo, Inc. (NASDAQ:VMEO – Get Rating) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $21.29.
VMEO has been the subject of several research analyst reports. Piper Sandler lowered shares of Vimeo from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $10.00 in a research report on Thursday, May 5th. Wells Fargo & Company dropped their price objective on shares of Vimeo from $33.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, February 14th. Finally, Truist Financial dropped their price objective on shares of Vimeo from $36.00 to $22.00 in a research report on Monday, February 14th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Verition Fund Management LLC acquired a new stake in Vimeo during the 1st quarter valued at $234,000. Neuberger Berman Group LLC grew its holdings in Vimeo by 15.2% during the 1st quarter. Neuberger Berman Group LLC now owns 67,458 shares of the company’s stock valued at $802,000 after purchasing an additional 8,894 shares in the last quarter. Capital International Investors grew its holdings in Vimeo by 50.9% during the 1st quarter. Capital International Investors now owns 2,135,413 shares of the company’s stock valued at $25,369,000 after purchasing an additional 720,380 shares in the last quarter. Keeley Teton Advisors LLC grew its holdings in Vimeo by 22.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 13,971 shares of the company’s stock valued at $166,000 after purchasing an additional 2,573 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Vimeo by 98.0% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 20,000 shares of the company’s stock valued at $238,000 after purchasing an additional 9,900 shares in the last quarter. 78.94% of the stock is owned by institutional investors and hedge funds.
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Shares of VMEO stock opened at $6.94 on Monday. Vimeo has a one year low of $6.94 and a one year high of $52.06. The company has a 50 day moving average price of $9.68 and a 200 day moving average price of $12.96. The firm has a market capitalization of $1.15 billion and a price-to-earnings ratio of -13.61.
Vimeo (NASDAQ:VMEO – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.08. Vimeo had a negative net margin of 20.13% and a negative return on equity of 16.66%. The firm had revenue of $108.35 million during the quarter, compared to analyst estimates of $106.32 million. Sell-side analysts anticipate that Vimeo will post -0.59 earnings per share for the current fiscal year.
About Vimeo (Get Rating)
Vimeo, Inc, together with its subsidiaries, provides video software solutions in New York and internationally. The company 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. It 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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Read More: Vimeo, Inc. (NASDAQ:VMEO) Receives Average Recommendation of “Hold” from Brokerages