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.

Truist Financial reiterated their hold rating on shares of Vimeo (NASDAQ:VMEO - Free Report) in a report released on Friday morning,Benzinga reports. Truist Financial currently has a $7.85 target price on the stock, down from their previous target price of $8.00.

VMEO has been the subject of several other research reports. Wall Street Zen raised shares of Vimeo from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Piper Sandler downgraded Vimeo from an "overweight" rating to a "hold" rating and set a $7.85 target price on the stock. in a report on Wednesday, September 10th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $7.03.

Vimeo Stock Up 0.2%

Shares of NASDAQ VMEO traded up $0.02 during midday trading on Friday, hitting $7.75. The company had a trading volume of 6,364,476 shares, compared to its average volume of 2,138,860. Vimeo has a twelve month low of $3.64 and a twelve month high of $7.90. The business has a 50-day simple moving average of $4.44 and a two-hundred day simple moving average of $4.66. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 96.95 and a beta of 2.01.

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

Institutional Investors Weigh In On Vimeo

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lynrock Lake LP grew its holdings in Vimeo by 8.9% in the 1st quarter. Lynrock Lake LP now owns 15,217,094 shares of the company's stock valued at $80,042,000 after buying an additional 1,242,549 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Vimeo by 74.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,484,430 shares of the company's stock worth $55,149,000 after acquiring an additional 4,488,607 shares during the last quarter. Boston Partners grew its stake in Vimeo by 52.5% in the second quarter. Boston Partners now owns 6,910,547 shares of the company's stock valued at $27,920,000 after acquiring an additional 2,378,772 shares during the period. Goldman Sachs Group Inc. grew its stake in Vimeo by 5.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,868,578 shares of the company's stock valued at $20,349,000 after acquiring an additional 212,679 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Vimeo by 2.6% during the second quarter. Geode Capital Management LLC now owns 3,739,794 shares of the company's stock valued at $15,111,000 after buying an additional 95,740 shares during the last quarter. Institutional investors own 84.97% of the company's stock.

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.