Jefferies Financial Group Cuts Vimeo (NASDAQ:VMEO) Price Target to $5.40

Vimeo (NASDAQ:VMEO - Free Report) had its price objective decreased by Jefferies Financial Group from $7.00 to $5.40 in a report issued on Monday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Separately, Piper Sandler raised 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 report on Tuesday, December 10th.

Vimeo Stock Performance

Shares of NASDAQ VMEO traded down $0.07 during midday trading on Monday, reaching $4.81. The company's stock had a trading volume of 1,007,213 shares, compared to its average volume of 1,539,383. The company has a market cap of $792.94 million, a P/E ratio of 30.06 and a beta of 2.17. The business's 50 day moving average price is $5.63 and its two-hundred day moving average price is $5.96. Vimeo has a fifty-two week low of $3.43 and a fifty-two week high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The firm had revenue of $103.16 million during the quarter, compared to the consensus estimate of $100.60 million. Sell-side analysts forecast that Vimeo will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VMEO. Vanguard Group Inc. grew its holdings in Vimeo by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 17,432,831 shares of the company's stock worth $111,570,000 after buying an additional 134,171 shares in the last quarter. Renaissance Technologies LLC boosted its position in Vimeo by 6.8% in the fourth quarter. Renaissance Technologies LLC now owns 6,590,500 shares of the company's stock worth $42,179,000 after purchasing an additional 419,700 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Vimeo by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,863,223 shares of the company's stock valued at $31,126,000 after purchasing an additional 60,174 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Vimeo by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,770,805 shares of the company's stock worth $19,046,000 after buying an additional 181,137 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Vimeo by 82.5% in the fourth quarter. Nuveen Asset Management LLC now owns 2,707,697 shares of the company's stock valued at $17,329,000 after acquiring an additional 1,224,263 shares during the last quarter. 84.97% of the stock is owned by institutional investors and hedge funds.

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.