TD Cowen Forecasts Strong Price Appreciation for Vimeo (NASDAQ:VMEO) Stock

Vimeo (NASDAQ:VMEO) had its price objective lifted by TD Cowen from $6.00 to $7.00 in a report released on Tuesday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other research analysts also recently weighed in on the stock. Truist Financial upped their target price on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday. Piper Sandler reissued a “neutral” rating and issued a $7.00 price target (up previously from $5.00) on shares of Vimeo in a report on Tuesday.

Vimeo Trading Down 3.0 %

Shares of VMEO opened at $6.79 on Tuesday. The stock’s fifty day simple moving average is $5.13 and its 200 day simple moving average is $4.41. Vimeo has a twelve month low of $3.43 and a twelve month high of $7.18. The firm has a market capitalization of $1.13 billion, a P/E ratio of 33.95 and a beta of 2.08.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $104.56 million for the quarter, compared to analysts’ expectations of $99.48 million. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Sell-side analysts predict that Vimeo will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Vimeo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC bought a new stake in Vimeo in the second quarter valued at about $41,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Vimeo during the second quarter worth $42,000. Headlands Technologies LLC boosted its holdings in shares of Vimeo by 4,565.2% in the 1st 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 period. Hutchens & Kramer Investment Management Group LLC bought a new stake in shares of Vimeo during the 3rd quarter valued at about $54,000. Finally, Covestor Ltd raised its stake in Vimeo by 53.4% during the first quarter. Covestor Ltd now owns 13,629 shares of the company’s stock worth $56,000 after acquiring an additional 4,743 shares during the period. 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.