Vimeo (NASDAQ:VMEO) Announces Earnings Results, Meets Expectations

Vimeo (NASDAQ:VMEO) announced its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01, Zacks reports. The firm had revenue of $103.16 million during the quarter, compared to analysts’ expectations of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.75%. Vimeo updated its Q1 2025 guidance to EPS.

Vimeo Price Performance

Shares of NASDAQ VMEO opened at $5.51 on Friday. The company has a market capitalization of $913.83 million, a PE ratio of 34.44 and a beta of 2.21. The firm’s 50-day moving average is $6.56 and its two-hundred day moving average is $5.87. Vimeo has a 12-month low of $3.43 and a 12-month high of $7.90.

Analysts Set New Price Targets

A number of research firms have commented on VMEO. Truist Financial lifted their price objective on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Piper Sandler upgraded shares of Vimeo from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $7.00 to $10.00 in a research note on Tuesday, December 10th. Finally, TD Cowen boosted their price target on shares of Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th.

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.