Vimeo (NASDAQ:VMEO) Earns Neutral Rating from Piper Sandler

Piper Sandler reaffirmed their neutral rating on shares of Vimeo (NASDAQ:VMEO) in a research note issued to investors on Tuesday, Benzinga reports. Piper Sandler currently has a $4.50 price target on the stock, up from their previous price target of $4.00.

Vimeo Price Performance

Shares of Vimeo stock opened at $3.94 on Tuesday. The firm has a market cap of $662.08 million, a PE ratio of 30.31 and a beta of 2.02. Vimeo has a 52 week low of $3.02 and a 52 week high of $5.77. The business’s fifty day simple moving average is $4.23 and its 200-day simple moving average is $3.92.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Monday, May 6th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $104.91 million for the quarter, compared to analysts’ expectations of $100.40 million. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. The business’s revenue was up 1.3% compared to the same quarter last year.

Institutional Trading of Vimeo

Several institutional investors have recently added to or reduced their stakes in the stock. Gotham Asset Management LLC boosted its position in shares of Vimeo by 39.5% during the third quarter. Gotham Asset Management LLC now owns 140,980 shares of the company’s stock worth $499,000 after buying an additional 39,934 shares during the period. Vanguard Group Inc. boosted its holdings in Vimeo by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 15,259,338 shares of the company’s stock valued at $54,018,000 after acquiring an additional 483,443 shares during the period. SG Americas Securities LLC grew its position in Vimeo by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 78,783 shares of the company’s stock valued at $309,000 after acquiring an additional 17,657 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Vimeo during the third quarter worth about $179,000. Finally, Swiss National Bank lifted its position in shares of Vimeo by 1.4% during the third quarter. Swiss National Bank now owns 326,618 shares of the company’s stock worth $1,156,000 after purchasing an additional 4,600 shares in the last quarter. Institutional investors and hedge funds 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.