Vimeo (NASDAQ:VMEO) Given Neutral Rating at Piper Sandler

Vimeo (NASDAQ:VMEO)‘s stock had its “neutral” rating reiterated by analysts at Piper Sandler in a research note issued on Tuesday, Benzinga reports. They presently have a $7.00 price target on the stock, up from their prior price target of $5.00. Piper Sandler’s price target would suggest a potential upside of 2.04% from the company’s current price.

Separately, Truist Financial upped their price target on shares of Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday.

Vimeo Trading Up 42.6 %

Shares of NASDAQ:VMEO traded up $2.05 on Tuesday, reaching $6.86. 7,154,154 shares of the company’s stock were exchanged, compared to its average volume of 1,920,414. The company has a fifty day moving average of $5.00 and a 200-day moving average of $4.33. Vimeo has a twelve month low of $3.25 and a twelve month high of $7.06. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 34.15 and a beta of 2.08.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Vimeo had a net margin of 7.85% and a return on equity of 8.59%. The company had revenue of $104.56 million during the quarter, compared to the consensus estimate of $99.48 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Vimeo will post 0.08 EPS for the current fiscal year.

Insider Activity at Vimeo

In related news, CEO Philip D. Moyer acquired 32,051 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average price of $4.67 per share, with a total value of $149,678.17. Following the purchase, the chief executive officer now directly owns 1,712,490 shares in the company, valued at approximately $7,997,328.30. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Vimeo

Several large investors have recently modified their holdings of VMEO. SG Americas Securities LLC raised its stake in shares of Vimeo by 129.4% during the first quarter. SG Americas Securities LLC now owns 180,729 shares of the company’s stock valued at $739,000 after acquiring an additional 101,946 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in Vimeo by 350.1% in the first quarter. Susquehanna Fundamental Investments LLC now owns 275,423 shares of the company’s stock worth $1,126,000 after purchasing an additional 214,238 shares during the period. Headlands Technologies LLC grew its holdings in shares of Vimeo by 4,565.2% during the first quarter. Headlands Technologies LLC now owns 11,943 shares of the company’s stock valued at $49,000 after buying an additional 11,687 shares during the last quarter. Connors Investor Services Inc. acquired a new position in shares of Vimeo during the first quarter valued at about $102,000. Finally, Covestor Ltd grew its holdings in shares of Vimeo by 53.4% during the first quarter. Covestor Ltd now owns 13,629 shares of the company’s stock valued at $56,000 after buying an additional 4,743 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.