Vimeo (NASDAQ:VMEO - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01, Zacks reports. The company had revenue of $103.16 million during the quarter, compared to analysts' expectations of $100.60 million. Vimeo had a return on equity of 6.75% and a net margin of 6.48%. Vimeo updated its Q1 2025 guidance to EPS.
Vimeo Stock Down 2.0 %
Shares of VMEO stock traded down $0.11 during trading on Friday, reaching $5.40. 4,565,631 shares of the company's stock were exchanged, compared to its average volume of 1,750,348. Vimeo has a twelve month low of $3.43 and a twelve month high of $7.90. The firm's fifty day moving average price is $6.53 and its 200-day moving average price is $5.88. The stock has a market capitalization of $895.59 million, a PE ratio of 33.75 and a beta of 2.21.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on VMEO. Piper Sandler raised shares of Vimeo from a "neutral" rating to an "overweight" rating and raised their target price for the company from $7.00 to $10.00 in a research note on Tuesday, December 10th. Truist Financial lifted their price objective on shares of Vimeo from $7.00 to $9.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, TD Cowen upped their target price on shares of Vimeo from $6.00 to $7.00 and gave the company a "hold" rating in a report on Tuesday, November 5th.
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About Vimeo
(
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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.
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