Truist Financial Reiterates Hold Rating for Vimeo (NASDAQ:VMEO)

Key Points

• Truist Financial has reaffirmed its "hold" rating for Vimeo (NASDAQ: VMEO) with a target price of $7.85, indicating a potential upside of only 1.68% from the company's previous close.
• Vimeo's recent earnings report showed an EPS of $0.04, exceeding estimates, but revenue of $104.65 million fell short of expectations, leading to a 0.3% drop in stock price.
• Multiple analysts are divided in their outlook, with some maintaining a "hold" rating while others, like Wall Street Zen, upgraded Vimeo to a "buy" rating as of August 9th.

Vimeo (NASDAQ:VMEO - Get Free Report)'s stock had its "hold" rating reaffirmed by equities researchers at Truist Financial in a report released on Friday,Benzinga reports. They presently have a $7.85 target price on the stock, down from their previous target price of $8.00. Truist Financial's target price suggests a potential upside of 1.68% from the company's previous close.

Several other research analysts have also recently commented on the company. Piper Sandler cut Vimeo from an "overweight" rating to a "hold" rating and set a $7.85 target price for the company. in a research note on Wednesday. Wall Street Zen raised Vimeo from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.03.

Vimeo Trading Down 0.3%

Shares of NASDAQ VMEO opened at $7.72 on Friday. Vimeo has a twelve month low of $3.64 and a twelve month high of $7.90. The stock has a market capitalization of $1.28 billion, a PE ratio of 96.51 and a beta of 2.01. The stock has a fifty day simple moving average of $4.21 and a 200-day simple moving average of $4.63.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. Vimeo had a return on equity of 3.31% and a net margin of 3.17%.The firm had revenue of $104.65 million during the quarter, compared to analysts' expectations of $107.36 million. During the same period in the previous year, the firm posted $0.06 EPS. Vimeo's revenue for the quarter was up .3% on a year-over-year basis. Vimeo has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Vimeo will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Vimeo

A number of large investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in shares of Vimeo by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 64,792 shares of the company's stock worth $341,000 after acquiring an additional 2,687 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Vimeo by 0.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 673,573 shares of the company's stock worth $3,543,000 after acquiring an additional 3,015 shares during the period. Bailard Inc. grew its holdings in shares of Vimeo by 3.5% in the 1st quarter. Bailard Inc. now owns 116,800 shares of the company's stock worth $614,000 after acquiring an additional 3,900 shares during the period. GAMMA Investing LLC grew its holdings in shares of Vimeo by 1,547.0% in the 1st quarter. GAMMA Investing LLC now owns 4,908 shares of the company's stock worth $26,000 after acquiring an additional 4,610 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Vimeo by 57.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 13,921 shares of the company's stock worth $56,000 after acquiring an additional 5,054 shares during the period. 84.97% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.