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

Vimeo, Inc. (NASDAQ:VMEO – Get Rating) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $22.43.

VMEO has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Vimeo from a “sell” rating to a “hold” rating in a research report on Thursday, April 14th. Wells Fargo & Company dropped their target price on Vimeo from $33.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, February 14th. Truist Financial dropped their target price on Vimeo from $36.00 to $22.00 in a research report on Monday, February 14th. Jefferies Financial Group dropped their target price on Vimeo from $35.00 to $25.00 in a research report on Friday, February 11th. Finally, Piper Sandler dropped their target price on Vimeo from $33.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, February 11th.

Institutional investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. purchased a new position in Vimeo in the 4th quarter worth approximately $27,000. Fifth Third Bancorp purchased a new position in Vimeo in the 4th quarter worth approximately $29,000. Parkside Financial Bank & Trust purchased a new position in Vimeo in the 4th quarter worth approximately $39,000. Kistler Tiffany Companies LLC purchased a new position in Vimeo in the 4th quarter worth approximately $41,000. Finally, Signaturefd LLC purchased a new position in shares of Vimeo during the fourth quarter valued at approximately $42,000. 80.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of VMEO opened at $9.87 on Friday. The company has a market cap of $1.63 billion and a PE ratio of -29.91. The stock has a 50-day moving average price of $11.96 and a 200-day moving average price of $17.61. Vimeo has a 12-month low of $9.20 and a 12-month high of $58.00.

Vimeo (NASDAQ:VMEO – Get Rating) last issued its quarterly earnings results on Wednesday, February 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.06). The business had revenue of $106.12 million for the quarter, compared to the consensus estimate of $105.27 million. Vimeo had a negative net margin of 13.47% and a negative return on equity of 12.64%. On average, equities research analysts expect that Vimeo will post -0.54 EPS for the current 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.

Featured Stories