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

Vimeo (NASDAQ:VMEO - Get Free Report) had its price target hoisted by equities research analysts at TD Cowen from $6.00 to $7.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a "hold" rating on the stock. TD Cowen's target price suggests a potential upside of 0.57% from the company's current price.

A number of other research analysts also recently commented on the company. Truist Financial increased their target price on Vimeo from $7.00 to $9.00 and gave the stock a "buy" rating in a report on Tuesday. Piper Sandler reaffirmed a "neutral" rating and set a $7.00 target price (up previously from $5.00) on shares of Vimeo in a report on Tuesday.

Vimeo Trading Up 44.7 %

NASDAQ VMEO traded up $2.15 during mid-day trading on Tuesday, reaching $6.96. 14,439,309 shares of the company's stock traded hands, compared to its average volume of 1,954,314. Vimeo has a 1-year low of $3.25 and a 1-year high of $7.06. The company has a fifty day simple moving average of $5.00 and a 200-day simple moving average of $4.33. 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 issued its quarterly earnings data on Monday, November 4th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. Vimeo had a return on equity of 8.59% and a net margin of 7.85%. The firm had revenue of $104.56 million during the quarter, compared to analyst estimates of $99.48 million. During the same quarter last year, the firm earned $0.05 EPS. Vimeo's quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts forecast that Vimeo will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Philip D. Moyer purchased 32,051 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of $4.67 per share, with a total value of $149,678.17. Following the acquisition, the chief executive officer now owns 1,712,490 shares in the company, valued at approximately $7,997,328.30. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.30% of the company's stock.

Institutional Trading of Vimeo

Several hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its position in Vimeo by 2.5% in the 2nd quarter. Hsbc Holdings PLC now owns 89,527 shares of the company's stock valued at $336,000 after acquiring an additional 2,180 shares during the period. Quintet Private Bank Europe S.A. increased its position in Vimeo by 18.1% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company's stock valued at $101,000 after acquiring an additional 3,063 shares during the period. Bleakley Financial Group LLC increased its position in Vimeo by 6.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 59,045 shares of the company's stock valued at $298,000 after acquiring an additional 3,327 shares during the period. Connors Investor Services Inc. increased its position in Vimeo by 16.0% in the 2nd quarter. Connors Investor Services Inc. now owns 29,000 shares of the company's stock valued at $108,000 after acquiring an additional 4,000 shares during the period. Finally, Covestor Ltd increased its position in Vimeo by 53.4% in the 1st quarter. Covestor Ltd now owns 13,629 shares of the company's stock valued at $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.