Vimeo (NASDAQ:VMEO – Get Rating) had its price objective lowered by stock analysts at Wells Fargo & Company from $10.00 to $7.25 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 85.42% from the stock’s previous close.
A number of other equities research analysts have also issued reports on VMEO. Piper Sandler cut their target price on Vimeo from $7.00 to $5.00 in a research report on Thursday, November 3rd. Cowen lowered their price target on Vimeo to $6.00 in a report on Tuesday, November 1st.
Vimeo Stock Up 1.8 %
Shares of Vimeo stock opened at $3.91 on Thursday. The stock’s fifty day moving average is $3.80 and its 200-day moving average is $4.76. The firm has a market capitalization of $650.80 million, a PE ratio of -6.52 and a beta of 1.55. Vimeo has a 12-month low of $3.07 and a 12-month high of $15.52.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd grew its holdings in shares of Vimeo by 2.7% during the first quarter. Dynamic Technology Lab Private Ltd now owns 43,345 shares of the company’s stock valued at $515,000 after buying an additional 1,148 shares in the last quarter. HighTower Advisors LLC grew its stake in Vimeo by 3.3% in the first quarter. HighTower Advisors LLC now owns 64,476 shares of the company’s stock valued at $730,000 after purchasing an additional 2,052 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Vimeo by 7.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,962 shares of the company’s stock valued at $180,000 after purchasing an additional 2,069 shares in the last quarter. Captrust Financial Advisors grew its stake in Vimeo by 31.5% in the second quarter. Captrust Financial Advisors now owns 10,190 shares of the company’s stock valued at $61,000 after purchasing an additional 2,443 shares in the last quarter. Finally, Keeley Teton Advisors LLC grew its stake in Vimeo by 22.6% in the first quarter. Keeley Teton Advisors LLC now owns 13,971 shares of the company’s stock valued at $166,000 after purchasing an additional 2,573 shares in the last quarter. Hedge funds and other institutional investors own 83.89% 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.
- Get a free copy of the StockNews.com research report on Vimeo (VMEO)
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