Vimeo, Inc. (NASDAQ:VMEO – Get Rating) – Equities research analysts at KeyCorp reduced their Q3 2022 EPS estimates for Vimeo in a research note issued to investors on Tuesday, August 2nd. KeyCorp analyst J. Patterson now anticipates that the company will post earnings per share of ($0.15) for the quarter, down from their previous estimate of ($0.12). The consensus estimate for Vimeo’s current full-year earnings is ($0.59) per share. KeyCorp also issued estimates for Vimeo’s Q4 2022 earnings at ($0.11) EPS, FY2022 earnings at ($0.61) EPS and FY2023 earnings at ($0.47) EPS.
Separately, Piper Sandler downgraded shares of Vimeo from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $10.00 in a report on Thursday, May 5th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $21.29.
Vimeo Stock Down 1.5 %
Vimeo (NASDAQ:VMEO – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The firm had revenue of $110.98 million during the quarter, compared to analysts’ expectations of $108.67 million. Vimeo had a negative net margin of 20.85% and a negative return on equity of 18.91%.
Institutional Trading of Vimeo
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VMEO. MQS Management LLC acquired a new position in Vimeo in the 2nd quarter valued at $116,000. TD Asset Management Inc. lifted its holdings in Vimeo by 6.4% in the 2nd quarter. TD Asset Management Inc. now owns 674,316 shares of the company’s stock valued at $4,059,000 after purchasing an additional 40,378 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Vimeo by 77.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 51,678 shares of the company’s stock valued at $311,000 after acquiring an additional 22,580 shares during the last quarter. FDx Advisors Inc. increased its stake in shares of Vimeo by 22.9% during the 2nd quarter. FDx Advisors Inc. now owns 23,978 shares of the company’s stock valued at $144,000 after acquiring an additional 4,469 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in shares of Vimeo by 1.6% during the 2nd quarter. Pinnacle Associates Ltd. now owns 293,596 shares of the company’s stock valued at $1,767,000 after acquiring an additional 4,599 shares during the last quarter. Institutional investors and hedge funds own 78.94% of the company’s stock.
Vimeo, Inc, together with its subsidiaries, provides video software solutions in New York and internationally. The company 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. It 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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