Vimeo (NASDAQ:VMEO) Releases Earnings Results

Vimeo (NASDAQ:VMEO) 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.

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.