Vimeo, Inc. (NASDAQ:VMEO) Receives $7.03 Consensus Target Price from Brokerages

Vimeo, Inc. (NASDAQ:VMEO) has been given a consensus recommendation of “Reduce” by the five research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $7.0333.

A number of research firms recently weighed in on VMEO. Piper Sandler lowered shares of Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 target price on the stock. in a report on Wednesday, September 10th. Zacks Research lowered Vimeo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Vimeo in a report on Wednesday, November 19th. Truist Financial restated a “hold” rating and set a $7.85 price target (down from $8.00) on shares of Vimeo in a research report on Friday, September 12th. Finally, Wall Street Zen cut Vimeo from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th.

Vimeo Stock Up 0.1%

VMEO opened at $7.85 on Friday. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 392.70 and a beta of 2.21. Vimeo has a twelve month low of $3.64 and a twelve month high of $7.90. The company’s 50-day moving average price is $7.78 and its two-hundred day moving average price is $5.56.

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

Hedge Funds Weigh In On Vimeo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pentwater Capital Management LP purchased a new stake in shares of Vimeo in the 3rd quarter worth $46,574,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Vimeo by 74.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,484,430 shares of the company’s stock valued at $55,149,000 after acquiring an additional 4,488,607 shares during the period. Boston Partners grew its stake in shares of Vimeo by 279.4% during the first quarter. Boston Partners now owns 4,531,775 shares of the company’s stock valued at $23,833,000 after buying an additional 3,337,354 shares during the last quarter. Nuveen LLC bought a new stake in Vimeo during the 1st quarter valued at about $15,363,000. Finally, AQR Arbitrage LLC purchased a new position in shares of Vimeo during the third quarter valued at $17,388,000. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

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.