Vimeo (NASDAQ:VMEO) Receives "Neutral" Rating from Piper Sandler

Vimeo (NASDAQ:VMEO - Get Free Report)'s stock had its "neutral" rating reiterated by Piper Sandler in a research note issued on Tuesday, Benzinga reports. They currently have a $7.00 price target on the stock, up from their prior price target of $5.00. Piper Sandler's target price would suggest a potential upside of 0.57% from the company's current price.

Separately, Truist Financial lifted their target price on shares of Vimeo from $7.00 to $9.00 and gave the stock a "buy" rating in a research report on Tuesday.

Vimeo Price Performance

Shares of VMEO stock traded up $2.15 during trading hours on Tuesday, reaching $6.96. The company had a trading volume of 14,396,342 shares, compared to its average volume of 1,954,256. The business has a fifty day simple moving average of $5.00 and a 200-day simple moving average of $4.33. Vimeo has a 12 month low of $3.25 and a 12 month high of $7.06. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 34.80 and a beta of 2.08.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. Vimeo had a net margin of 7.85% and a return on equity of 8.59%. The firm had revenue of $104.56 million during the quarter, compared to analyst estimates of $99.48 million. During the same quarter in the prior year, the business posted $0.05 EPS. The business's revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Vimeo will post 0.08 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Philip D. Moyer bought 32,051 shares of Vimeo stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of $4.67 per share, with a total value of $149,678.17. Following the transaction, the chief executive officer now directly owns 1,712,490 shares of the company's stock, valued at approximately $7,997,328.30. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hutchens & Kramer Investment Management Group LLC purchased a new stake in shares of Vimeo during the 3rd quarter valued at approximately $54,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Vimeo during the second quarter worth $42,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Vimeo in the second quarter worth $41,000. Headlands Technologies LLC raised its stake in shares of Vimeo by 4,565.2% during the 1st quarter. Headlands Technologies LLC now owns 11,943 shares of the company's stock valued at $49,000 after purchasing an additional 11,687 shares during the period. Finally, Covestor Ltd grew its stake in Vimeo by 53.4% during the first quarter. Covestor Ltd now owns 13,629 shares of the company's stock valued at $56,000 after acquiring an additional 4,743 shares in the last quarter. 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.