Vimeo (NASDAQ:VMEO) Rating Increased to Buy at Wall Street Zen

Key Points

• Vimeo has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating a positive outlook from analysts.
• Piper Sandler maintains an "overweight" rating on the stock with a revised target price of $7.00, reflecting a slight decrease from previously projected values.
• Vimeo's latest earnings report shows a profit of $0.04 earnings per share, surpassing analyst expectations despite a minor decline in revenue compared to the previous year.

Vimeo (NASDAQ:VMEO - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Separately, Piper Sandler reiterated an "overweight" rating and set a $7.00 price target (down previously from $8.00) on shares of Vimeo in a research note on Tuesday, August 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.10.

Vimeo Stock Up 3.3%

Shares of NASDAQ:VMEO traded up $0.13 during trading on Friday, reaching $3.95. The stock had a trading volume of 286,820 shares, compared to its average volume of 1,599,229. Vimeo has a 52 week low of $3.64 and a 52 week high of $7.90. The firm has a market capitalization of $653.73 million, a price-to-earnings ratio of 49.32 and a beta of 2.00. The stock has a fifty day simple moving average of $4.07 and a two-hundred day simple moving average of $4.92.

Vimeo (NASDAQ:VMEO - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. Vimeo had a net margin of 3.17% and a return on equity of 3.31%. The business had revenue of $104.65 million for the quarter, compared to analyst estimates of $107.36 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Vimeo's revenue was up .3% compared to the same quarter last year. On average, analysts forecast that Vimeo will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Vimeo

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake 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 valued at $26,000 after purchasing an additional 4,610 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Vimeo by 780.4% in the 4th quarter. Sterling Capital Management LLC now owns 4,578 shares of the company's stock valued at $29,000 after purchasing an additional 4,058 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Vimeo in the 2nd quarter valued at $45,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Vimeo by 919.9% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,231 shares of the company's stock valued at $46,000 after purchasing an additional 6,522 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Vimeo in the 2nd quarter valued at $46,000. Institutional investors and hedge funds 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.