Vimeo, Inc. (NASDAQ:VMEO) Receives Average Recommendation of “Hold” from Analysts

Vimeo, Inc. (NASDAQ:VMEO) has been assigned an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $7.0250.

VMEO has been the subject of a number of recent analyst reports. Piper Sandler downgraded shares of Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 target price for the company. in a report on Wednesday, September 10th. Wall Street Zen cut shares of Vimeo from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Truist Financial restated a “hold” rating and set a $7.85 price objective (down from $8.00) on shares of Vimeo in a report on Friday, September 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vimeo in a report on Wednesday, October 8th. Finally, Zacks Research downgraded Vimeo from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd.

Institutional Trading of Vimeo

A number of institutional investors and hedge funds have recently bought and sold shares of VMEO. T. Rowe Price Investment Management Inc. lifted its position in Vimeo by 74.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,484,430 shares of the company’s stock valued at $55,149,000 after buying an additional 4,488,607 shares in the last quarter. Boston Partners raised its stake in shares of Vimeo by 279.4% in the 1st quarter. Boston Partners now owns 4,531,775 shares of the company’s stock valued at $23,833,000 after acquiring an additional 3,337,354 shares during the period. Nuveen LLC acquired a new position in shares of Vimeo during the 1st quarter valued at $15,363,000. Qube Research & Technologies Ltd lifted its holdings in shares of Vimeo by 238.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,907,322 shares of the company’s stock valued at $7,706,000 after acquiring an additional 1,344,343 shares in the last quarter. Finally, Lynrock Lake LP boosted its position in Vimeo by 8.9% during the 1st quarter. Lynrock Lake LP now owns 15,217,094 shares of the company’s stock worth $80,042,000 after purchasing an additional 1,242,549 shares during the period. Institutional investors and hedge funds own 84.97% of the company’s stock.

Vimeo Trading Down 0.3%

NASDAQ VMEO opened at $7.78 on Tuesday. The business’s 50-day moving average price is $7.00 and its 200 day moving average price is $5.25. Vimeo has a twelve month low of $3.64 and a twelve month high of $7.90. The company has a market capitalization of $1.29 billion, a PE ratio of 389.19 and a beta of 2.21.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings results on Tuesday, October 28th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). The business had revenue of $105.76 million during the quarter, compared to analysts’ expectations of $106.03 million. Vimeo had a net margin of 0.38% and a return on equity of 0.40%. Equities analysts predict that Vimeo will post 0.16 EPS for the current year.

About Vimeo

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.