Brokerages Set Vimeo, Inc. (NASDAQ:VMEO) PT at $7.03

Vimeo, Inc. (NASDAQ:VMEO) has been assigned an average recommendation of “Reduce” from the five analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $7.0333.

A number of analysts have recently weighed in on VMEO shares. Truist Financial reiterated a “hold” rating and issued a $7.85 price objective (down previously from $8.00) on shares of Vimeo in a research note on Friday, September 12th. Piper Sandler downgraded Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 price target on the stock. in a research report on Wednesday, September 10th. Wall Street Zen lowered Vimeo from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Vimeo in a research note on Tuesday, November 25th. Finally, Zacks Research lowered Vimeo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th.

Vimeo Stock Performance

Shares of VMEO stock opened at $7.85 on Wednesday. Vimeo has a fifty-two week low of $3.64 and a fifty-two week high of $7.90. The firm has a market capitalization of $1.30 billion, a PE ratio of 392.70 and a beta of 2.21. The stock’s 50-day simple moving average is $7.82 and its 200-day simple moving average is $5.98.

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

Hedge Funds Weigh In On Vimeo

Several institutional investors have recently made changes to their positions in VMEO. Nuveen LLC purchased a new stake in Vimeo during the first quarter worth $15,363,000. HighTower Advisors LLC raised its position in shares of Vimeo by 21.0% in the first quarter. HighTower Advisors LLC now owns 97,318 shares of the company’s stock worth $512,000 after acquiring an additional 16,870 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Vimeo by 21.8% during the 1st quarter. Russell Investments Group Ltd. now owns 1,416,187 shares of the company’s stock worth $7,451,000 after acquiring an additional 253,919 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Vimeo during the 1st quarter valued at about $778,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Vimeo during the 1st quarter valued at about $728,000. 84.97% of the stock is owned by hedge funds and other institutional investors.

Vimeo Company Profile

Vimeo, Inc (NASDAQ: VMEO) operates a global video platform that offers hosting, sharing, and software-as-a-service (SaaS) solutions tailored to creators, businesses and organizations. The company’s core offerings include video hosting and delivery, live streaming, video editing and collaboration tools, and detailed analytics to help customers optimize engagement and monetization strategies. Vimeo’s platform is designed to support a range of use cases—from individual creators publishing on-demand content to enterprises running high-volume video campaigns and subscription-based over-the-top (OTT) services.

In addition to its foundational hosting services, Vimeo provides a suite of workflow tools that enable users to customize video players, integrate calls-to-action, manage viewer permissions, and host pay-per-view or subscription channels.