Vimeo’s (VMEO) “Overweight” Rating Reaffirmed at Piper Sandler

Vimeo (NASDAQ:VMEO)‘s stock had its “overweight” rating reissued by stock analysts at Piper Sandler in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They currently have a $7.00 price objective on the stock, down from their prior price objective of $8.00. Piper Sandler’s price target indicates a potential upside of 69.49% from the stock’s current price.

Separately, Jefferies Financial Group lowered their price target on Vimeo from $7.00 to $5.40 and set a “hold” rating on the stock in a research report on Monday, April 7th.

Vimeo Price Performance

Shares of VMEO opened at $4.13 on Tuesday. Vimeo has a 1 year low of $3.64 and a 1 year high of $7.90. The stock’s fifty day moving average price is $4.11 and its two-hundred day moving average price is $5.00. The firm has a market cap of $680.38 million, a PE ratio of 51.63 and a beta of 2.00.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Monday, August 4th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. Vimeo had a net margin of 3.17% and a return on equity of 3.29%. The business had revenue of $104.65 million for the quarter, compared to analysts’ expectations of $107.36 million. During the same period in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Sell-side analysts anticipate that Vimeo will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vimeo

A number of hedge funds have recently modified their holdings of VMEO. Principal Financial Group Inc. increased its holdings in Vimeo by 4.3% during the 1st quarter. Principal Financial Group Inc. now owns 64,792 shares of the company’s stock valued at $341,000 after purchasing an additional 2,687 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Vimeo by 0.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 673,573 shares of the company’s stock valued at $3,543,000 after purchasing an additional 3,015 shares during the period. Bailard Inc. lifted its position in shares of Vimeo by 3.5% in the 1st quarter. Bailard Inc. now owns 116,800 shares of the company’s stock worth $614,000 after purchasing an additional 3,900 shares during the period. Sterling Capital Management LLC increased its position in shares of Vimeo by 780.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,578 shares of the company’s stock valued at $29,000 after buying an additional 4,058 shares during the period. Finally, GAMMA Investing LLC raised its stake in Vimeo by 1,547.0% in the first quarter. GAMMA Investing LLC now owns 4,908 shares of the company’s stock worth $26,000 after buying an additional 4,610 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.