Zacks Investment Research Upgrades Vimeo (NASDAQ:VMEO) to “Hold”

Zacks Investment Research upgraded shares of Vimeo (NASDAQ:VMEOGet Rating) from a sell rating to a hold rating in a report released on Thursday morning, Zacks.com reports.

According to Zacks, “Vimeo Inc. provides video software solution. The company’s platform enables any professional, team and organization to unlock the power of video to create, collaborate and communicate. Vimeo Inc. is based in NEW YORK. “

A number of other equities analysts have also recently issued reports on VMEO. Truist Financial lowered their target price on Vimeo from $36.00 to $22.00 in a report on Monday, February 14th. Piper Sandler decreased their price objective on Vimeo from $33.00 to $18.00 and set an overweight rating for the company in a report on Friday, February 11th. Wells Fargo & Company cut their price objective on shares of Vimeo from $33.00 to $20.00 and set an overweight rating on the stock in a report on Monday, February 14th. JPMorgan Chase & Co. decreased their target price on Vimeo from $30.00 to $21.00 and set a neutral rating for the company in a research report on Wednesday, December 15th. Finally, Jefferies Financial Group decreased their price objective on Vimeo from $35.00 to $25.00 in a research note on Friday, February 11th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $22.00.

Shares of VMEO stock opened at $11.20 on Thursday. Vimeo has a 52-week low of $9.20 and a 52-week high of $58.00. The stock has a market cap of $1.85 billion and a price-to-earnings ratio of -33.94. The firm’s 50-day moving average is $12.20 and its 200-day moving average is $18.19.

Vimeo (NASDAQ:VMEOGet Rating) last released its quarterly earnings data on Wednesday, February 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Vimeo had a negative net margin of 13.47% and a negative return on equity of 12.64%. The business had revenue of $106.12 million during the quarter, compared to the consensus estimate of $105.27 million. As a group, research analysts anticipate that Vimeo will post -0.54 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of VMEO. Riverbridge Partners LLC purchased a new position in Vimeo during the 4th quarter worth $43,716,000. Parkside Investments LLC acquired a new position in Vimeo during the 4th quarter valued at about $1,412,000. Joel Isaacson & Co. LLC acquired a new position in shares of Vimeo during the fourth quarter valued at about $1,442,000. Whittier Trust Co. acquired a new stake in Vimeo in the 4th quarter worth approximately $80,000. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Vimeo in the fourth quarter valued at about $23,144,000. 80.67% of the stock is owned by hedge funds and other institutional investors.

About Vimeo (Get Rating)

Vimeo, Inc, together with its subsidiaries, provides video software solutions in New York and internationally. The company 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. It also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.

Recommended Stories

Get a free copy of the Zacks research report on Vimeo (VMEO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Vimeo (NASDAQ:VMEO)

Receive News & Ratings for Vimeo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vimeo and related companies with MarketBeat.com's FREE daily email newsletter.