Vimeo (NASDAQ:VMEO - Get Free Report) announced its earnings results on Monday. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01, Zacks reports. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The company had revenue of $103.03 million for the quarter, compared to analysts' expectations of $101.57 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. Vimeo's quarterly revenue was down 1.8% on a year-over-year basis.
Vimeo Price Performance
Shares of Vimeo stock traded up $0.10 on Thursday, reaching $4.78. 1,732,648 shares of the company traded hands, compared to its average volume of 1,699,930. The firm has a market capitalization of $787.17 million, a PE ratio of 29.85 and a beta of 2.17. The company has a 50 day moving average of $5.17 and a 200 day moving average of $5.95. Vimeo has a 52 week low of $3.44 and a 52 week high of $7.90.
Analyst Upgrades and Downgrades
Several analysts have recently commented on VMEO shares. Piper Sandler set a $8.00 target price on shares of Vimeo and gave the company an "overweight" rating in a report on Tuesday. Jefferies Financial Group dropped their target price on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research report on Monday, April 7th.
Read Our Latest Stock Analysis on Vimeo
About Vimeo
(
Get Free Report)
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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