Analysts Set Vimeo, Inc. (NASDAQ:VMEO) Target Price at $7.03

Vimeo, Inc. (NASDAQ:VMEO) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is $7.0250.

VMEO has been the topic of a number of recent analyst reports. Truist Financial restated a “hold” rating and issued a $7.85 price target (down from $8.00) on shares of Vimeo in a research report on Friday, September 12th. Wall Street Zen downgraded Vimeo from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Piper Sandler lowered 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vimeo in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Vimeo from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd.

Institutional Investors Weigh In On Vimeo

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in shares of Vimeo in the third quarter worth about $39,000. Brevan Howard Capital Management LP bought a new stake in shares of Vimeo during the second quarter valued at approximately $41,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Vimeo in the second quarter valued at approximately $45,000. Jupiter Asset Management Ltd. bought a new position in Vimeo in the 2nd quarter worth approximately $46,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Vimeo in the 2nd quarter worth approximately $51,000. Institutional investors own 84.97% of the company’s stock.

Vimeo Price Performance

Shares of NASDAQ:VMEO opened at $7.77 on Tuesday. The business’s fifty day moving average price is $6.85 and its two-hundred day moving average price is $5.21. Vimeo has a fifty-two week low of $3.64 and a fifty-two week high of $7.90. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 388.69 and a beta of 2.21.

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

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.