Vimeo (NASDAQ:VMEO) Rating Increased to Buy at Wall Street Zen

Vimeo (NASDAQ:VMEO) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Separately, Piper Sandler restated an “overweight” rating and issued a $7.00 target price (down previously from $8.00) on shares of Vimeo in a report on Tuesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.10.

Vimeo Stock Down 3.7%

VMEO opened at $3.89 on Friday. The firm has a market cap of $640.84 million, a PE ratio of 48.63 and a beta of 2.00. The business has a fifty day simple moving average of $4.09 and a 200-day simple moving average of $4.96. Vimeo has a fifty-two week low of $3.64 and a fifty-two week high of $7.90.

Vimeo (NASDAQ:VMEO) last released its earnings results on Monday, August 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $104.65 million during the quarter, compared to analyst estimates of $107.36 million. Vimeo had a return on equity of 3.31% and a net margin of 3.17%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. On average, equities research analysts anticipate that Vimeo will post 0.16 EPS for the current fiscal year.

Institutional Trading of Vimeo

Hedge funds have recently modified their holdings of the business. American Century Companies Inc. purchased a new stake in shares of Vimeo during the fourth quarter worth $755,000. JPMorgan Chase & Co. raised its holdings in shares of Vimeo by 85.1% during the fourth quarter. JPMorgan Chase & Co. now owns 600,387 shares of the company’s stock worth $3,842,000 after acquiring an additional 275,967 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Vimeo by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 87,867 shares of the company’s stock worth $562,000 after acquiring an additional 16,699 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Vimeo by 27.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,162,268 shares of the company’s stock worth $7,441,000 after acquiring an additional 248,650 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Vimeo by 2.3% during the fourth quarter. Federated Hermes Inc. now owns 706,615 shares of the company’s stock worth $4,522,000 after acquiring an additional 16,134 shares in the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Vimeo Company Profile

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.