Vimeo (NASDAQ:VMEO) Shares Gap Down – Here’s What Happened

Vimeo, Inc. (NASDAQ:VMEO) gapped down before the market opened on Thursday . The stock had previously closed at $6.78, but opened at $5.58. Vimeo shares last traded at $5.36, with a volume of 3,262,050 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. TD Cowen increased their price target on shares of Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Piper Sandler upgraded 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 report on Tuesday, December 10th. Finally, Truist Financial raised their target price 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.

Vimeo Stock Down 2.0 %

The firm has a market cap of $895.59 million, a P/E ratio of 33.75 and a beta of 2.21. The business’s 50 day moving average is $6.53 and its two-hundred day moving average is $5.88.

Vimeo (NASDAQ:VMEO) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The business had revenue of $103.16 million for the quarter, compared to analysts’ expectations of $100.60 million. Equities research analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current year.

Institutional Trading of Vimeo

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC raised its position in shares of Vimeo by 65.1% in the third quarter. FMR LLC now owns 1,392,457 shares of the company’s stock valued at $7,032,000 after purchasing an additional 548,812 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of Vimeo in the third quarter valued at approximately $391,000. JPMorgan Chase & Co. raised its position in shares of Vimeo by 18.1% in the third quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company’s stock valued at $1,638,000 after purchasing an additional 49,699 shares during the period. Barclays PLC raised its position in shares of Vimeo by 203.9% in the third quarter. Barclays PLC now owns 240,655 shares of the company’s stock valued at $1,215,000 after purchasing an additional 161,469 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Vimeo by 66.0% in the third quarter. HighTower Advisors LLC now owns 79,952 shares of the company’s stock valued at $403,000 after purchasing an additional 31,800 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.