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 net margin of 6.48% and a return on equity of 6.72%. The company had revenue of $103.03 million during the quarter, compared to analyst estimates of $101.57 million. During the same period in the previous year, the business posted $0.04 earnings per share. The firm's quarterly revenue was down 1.8% compared to the same quarter last year.
Vimeo Trading Down 2.1 %
Vimeo stock traded down $0.10 during mid-day trading on Friday, hitting $4.66. The stock had a trading volume of 1,186,121 shares, compared to its average volume of 1,529,192. The firm's 50 day moving average is $5.13 and its 200 day moving average is $5.96. The firm has a market capitalization of $768.21 million, a P/E ratio of 29.13 and a beta of 2.17. Vimeo has a one year low of $3.45 and a one year high of $7.90.
Analyst Upgrades and Downgrades
VMEO has been the subject of a number of recent research reports. Piper Sandler set a $8.00 price objective on shares of Vimeo and gave the company an "overweight" rating in a research report on Tuesday. Jefferies Financial Group decreased their price objective on Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research note on Monday, April 7th.
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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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