Vimeo (NASDAQ:VMEO – Get Rating) had its price objective decreased by equities research analysts at Wells Fargo & Company from $10.00 to $7.25 in a report issued on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's price objective would indicate a potential upside of 92.31% from the stock's previous close.
Several other equities research analysts also recently issued reports on VMEO. Cowen lowered their price target on Vimeo to $6.00 in a report on Tuesday, November 1st. Piper Sandler decreased their price objective on Vimeo from $7.00 to $5.00 in a report on Thursday, November 3rd.
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Vimeo Price Performance
Shares of Vimeo stock opened at $3.77 on Thursday. Vimeo has a 1 year low of $3.07 and a 1 year high of $16.34. The business has a 50-day moving average of $3.82 and a two-hundred day moving average of $4.78. The company has a market capitalization of $627.49 million, a P/E ratio of -6.28 and a beta of 1.55.
Vimeo (NASDAQ:VMEO – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.05. Vimeo had a negative return on equity of 22.74% and a negative net
margin of 22.72%. The company had revenue of $108.13 million during the quarter, compared to the consensus estimate of $106.39 million. On average, equities analysts anticipate that Vimeo will post -0.61 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of VMEO. Federated Hermes Inc. boosted its position in Vimeo by 526,719.9% during the third quarter. Federated Hermes Inc. now owns 1,459,291 shares of the company's stock valued at $5,837,000 after purchasing an additional 1,459,014 shares during the last quarter. Renaissance Technologies LLC boosted its position in Vimeo by 50.8% during the third quarter. Renaissance Technologies LLC now owns 4,295,890 shares of the company's stock valued at $17,184,000 after purchasing an additional 1,446,890 shares during the last quarter. BlackRock Inc. boosted its position in Vimeo by 13.4% during the third quarter. BlackRock Inc. now owns 11,580,657 shares of the company's stock valued at $46,321,000 after purchasing an additional 1,372,298 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Vimeo by 14.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 10,964,620 shares of the company's stock valued at $66,007,000 after purchasing an additional 1,364,656 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Vimeo by 150.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,202,277 shares of the company's stock valued at $8,809,000 after purchasing an additional 1,322,253 shares during the last quarter. 83.89% of the stock is owned by institutional investors and hedge funds.
About Vimeo
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Vimeo, Inc, together with its subsidiaries, provides video software solutions in New York and internationally. The company 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. It also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.
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