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

Piper Sandler restated their neutral rating on shares of Vimeo (NASDAQ:VMEO) in a research report sent to investors on Tuesday,Benzinga reports. They currently have a $7.00 price target on the stock, up from their previous price target of $5.00.

Separately, Truist Financial boosted their price objective on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday.

Vimeo Price Performance

Shares of VMEO opened at $7.00 on Tuesday. Vimeo has a 1-year low of $3.43 and a 1-year high of $7.18. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 33.70 and a beta of 2.08. The firm has a 50 day simple moving average of $5.07 and a 200-day simple moving average of $4.37.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Vimeo had a net margin of 8.08% and a return on equity of 8.66%. The business had revenue of $104.56 million during the quarter, compared to the consensus estimate of $99.48 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts expect that Vimeo will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vimeo

A number of hedge funds have recently bought and sold shares of the business. Royce & Associates LP boosted its stake in shares of Vimeo by 51.7% during the 3rd quarter. Royce & Associates LP now owns 613,061 shares of the company’s stock valued at $3,096,000 after buying an additional 209,033 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Vimeo by 134.9% in the third quarter. GSA Capital Partners LLP now owns 162,488 shares of the company’s stock valued at $821,000 after acquiring an additional 93,303 shares in the last quarter. Versor Investments LP acquired a new stake in Vimeo in the third quarter valued at $166,000. River Global Investors LLP boosted its stake in Vimeo by 3.8% during the 3rd quarter. River Global Investors LLP now owns 367,969 shares of the company’s stock valued at $1,860,000 after acquiring an additional 13,345 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Vimeo by 115.3% during the third quarter. Covestor Ltd now owns 28,298 shares of the company’s stock worth $143,000 after purchasing an additional 15,157 shares during the last quarter. Institutional investors and hedge funds 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.