Vimeo’s (VMEO) Neutral Rating Reaffirmed at Piper Sandler

Vimeo (NASDAQ:VMEO)‘s stock had its “neutral” rating reaffirmed by investment analysts at Piper Sandler in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $4.50 price target on the stock, up from their previous price target of $4.00. Piper Sandler’s price objective would suggest a potential upside of 14.21% from the company’s previous close.

Vimeo Trading Up 0.5 %

NASDAQ:VMEO opened at $3.94 on Tuesday. Vimeo has a 12-month low of $3.02 and a 12-month high of $5.77. The stock’s 50 day simple moving average is $4.26 and its 200-day simple moving average is $3.92. The firm has a market cap of $662.08 million, a P/E ratio of 30.31 and a beta of 2.02.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. The company had revenue of $104.91 million for the quarter, compared to analysts’ expectations of $100.40 million. Vimeo’s quarterly revenue was up 1.3% compared to the same quarter last year.

Institutional Investors Weigh In On Vimeo

Institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd lifted its holdings in shares of Vimeo by 3,726.9% in the 3rd quarter. Covestor Ltd now owns 9,108 shares of the company’s stock valued at $32,000 after buying an additional 8,870 shares during the period. Perigon Wealth Management LLC purchased a new position in Vimeo in the fourth quarter worth $47,000. Headlands Technologies LLC lifted its holdings in Vimeo by 4,565.2% in the first quarter. Headlands Technologies LLC now owns 11,943 shares of the company’s stock valued at $49,000 after acquiring an additional 11,687 shares during the period. Qtron Investments LLC acquired a new stake in Vimeo in the fourth quarter valued at $50,000. Finally, Victory Capital Management Inc. boosted its position in shares of Vimeo by 22.7% during the 4th quarter. Victory Capital Management Inc. now owns 19,318 shares of the company’s stock worth $76,000 after purchasing an additional 3,571 shares in the last quarter. 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.