Vimeo (NASDAQ:VMEO) Downgraded by Zacks Research to “Strong Sell”

Vimeo (NASDAQ:VMEO) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on VMEO. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vimeo in a report on Wednesday, October 8th. Truist Financial reiterated a “hold” rating and issued a $7.85 price target (down from $8.00) on shares of Vimeo in a research report on Friday, September 12th. Wall Street Zen cut shares of Vimeo from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Piper Sandler cut shares of Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 price target on the stock. in a research report on Wednesday, September 10th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $7.03.

Vimeo Stock Up 0.3%

VMEO stock opened at $7.81 on Tuesday. The company has a market capitalization of $1.29 billion, a P/E ratio of 390.70 and a beta of 2.21. The company has a 50-day simple moving average of $7.14 and a 200 day simple moving average of $5.29. Vimeo has a fifty-two week low of $3.64 and a fifty-two week high of $7.90.

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

Hedge Funds Weigh In On Vimeo

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in shares of Vimeo during the third quarter worth approximately $39,000. Brevan Howard Capital Management LP bought a new stake in shares of Vimeo during the second quarter worth approximately $41,000. Focus Partners Wealth bought a new stake in Vimeo in the first quarter valued at approximately $54,000. DekaBank Deutsche Girozentrale bought a new stake in Vimeo in the second quarter valued at approximately $45,000. Finally, Jupiter Asset Management Ltd. bought a new stake in Vimeo in the second quarter valued at approximately $46,000. 84.97% of the stock is currently owned by institutional investors and hedge funds.

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.