Vimeo, Inc. (NASDAQ:VMEO) Given Consensus Rating of “Reduce” by Brokerages

Vimeo, Inc. (NASDAQ:VMEO) has earned an average recommendation of “Reduce” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $7.0333.

A number of research analysts have recently issued reports on VMEO shares. Zacks Research lowered Vimeo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Vimeo in a research report on Tuesday. Wall Street Zen downgraded shares of Vimeo from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Piper Sandler cut shares of Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 price target for the company. in a report on Wednesday, September 10th. Finally, Truist Financial reissued a “hold” rating and set a $7.85 target price (down from $8.00) on shares of Vimeo in a research note on Friday, September 12th.

Vimeo Stock Performance

Shares of Vimeo stock opened at $7.85 on Friday. The company’s fifty day moving average is $7.78 and its two-hundred day moving average is $5.63. Vimeo has a 1 year low of $3.64 and a 1 year high of $7.90. The company has a market capitalization of $1.30 billion, a P/E ratio of 392.70 and a beta of 2.21.

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

Hedge Funds Weigh In On Vimeo

A number of large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new stake in Vimeo during the third quarter worth about $39,000. Brevan Howard Capital Management LP acquired a new stake in shares of Vimeo during the 2nd quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Vimeo by 709.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 5,456 shares of the company’s stock worth $42,000 after acquiring an additional 4,782 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Vimeo in the 2nd quarter valued at approximately $45,000. Finally, Jupiter Asset Management Ltd. acquired a new position in Vimeo during the second quarter worth $46,000. Hedge funds and other institutional investors own 84.97% of the company’s stock.

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.