Piper Sandler restated their neutral rating on shares of Vimeo (NASDAQ:VMEO - Free Report) in a research note published on Tuesday morning, Benzinga reports. They currently have a $4.50 price target on the stock, up from their previous price target of $4.00.
Vimeo Stock Performance
Vimeo stock traded up $0.12 on Tuesday, reaching $3.92. The company's stock had a trading volume of 3,033,619 shares, compared to its average volume of 2,796,176. The company has a market cap of $658.72 million, a price-to-earnings ratio of 30.16 and a beta of 2.02. The business's fifty day moving average price is $4.27 and its 200 day moving average price is $3.91. Vimeo has a twelve month low of $3.02 and a twelve month high of $5.77.
Vimeo (NASDAQ:VMEO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.06. Vimeo had a return on equity of 6.07% and a net margin of 5.28%. The company had revenue of $105.54 million for the quarter, compared to analyst estimates of $102.37 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. The business's revenue was up .0% on a year-over-year basis.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd lifted its holdings in Vimeo by 3,726.9% during the 3rd quarter. Covestor Ltd now owns 9,108 shares of the company's stock worth $32,000 after purchasing an additional 8,870 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in Vimeo during the 4th quarter worth approximately $47,000. Qtron Investments LLC acquired a new stake in Vimeo during the 4th quarter worth approximately $50,000. Victory Capital Management Inc. lifted its holdings in Vimeo by 22.7% during the 4th quarter. Victory Capital Management Inc. now owns 19,318 shares of the company's stock worth $76,000 after purchasing an additional 3,571 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Vimeo by 33.7% during the 3rd quarter. Principal Financial Group Inc. now owns 21,939 shares of the company's stock worth $78,000 after purchasing an additional 5,534 shares during the last quarter. 84.97% of the stock is currently owned by institutional investors.
About Vimeo
(
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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.
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