Vimeo (NASDAQ:VMEO) Releases Earnings Results

Vimeo (NASDAQ:VMEOGet Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04, Briefing.com reports. The business had revenue of $104.56 million during the quarter, compared to analysts’ expectations of $99.48 million. Vimeo had a return on equity of 8.66% and a net margin of 8.08%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS.

Vimeo Price Performance

NASDAQ VMEO traded up $0.07 on Thursday, hitting $6.81. The company had a trading volume of 477,809 shares, compared to its average volume of 1,954,560. The company’s fifty day moving average price is $5.07 and its 200-day moving average price is $4.37. The company has a market capitalization of $1.13 billion, a PE ratio of 33.70 and a beta of 2.08. Vimeo has a 12-month low of $3.43 and a 12-month high of $7.18.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VMEO shares. Piper Sandler reissued a “neutral” rating and issued a $7.00 price target (up from $5.00) on shares of Vimeo in a report on Tuesday. TD Cowen raised their price target on shares of Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Truist Financial upped their price objective on shares of Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday.

View Our Latest Stock Report on Vimeo

Vimeo Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Vimeo (NASDAQ:VMEO)

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