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.

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.

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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