Vimeo (NASDAQ:VMEO) Stock Price Expected to Rise, TD Cowen Analyst Says

Vimeo (NASDAQ:VMEO) had its price target hoisted by TD Cowen from $6.00 to $7.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other equities research analysts have also recently commented on the company. Truist Financial boosted their target price on Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday. Piper Sandler reissued a “neutral” rating and issued a $7.00 price objective (up previously from $5.00) on shares of Vimeo in a research note on Tuesday.

Vimeo Price Performance

Shares of VMEO stock opened at $6.79 on Tuesday. Vimeo has a 12-month low of $3.43 and a 12-month high of $7.18. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 33.95 and a beta of 2.08. The business has a 50 day simple moving average of $5.13 and a 200 day simple moving average of $4.41.

Vimeo (NASDAQ:VMEO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $104.56 million during the quarter, compared to analysts’ expectations of $99.48 million. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 earnings per share. On average, equities analysts anticipate that Vimeo will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VMEO. Lynrock Lake LP grew its holdings in shares of Vimeo by 124.9% in the 2nd quarter. Lynrock Lake LP now owns 15,731,386 shares of the company’s stock worth $58,678,000 after acquiring an additional 8,735,044 shares during the last quarter. Divisar Capital Management LLC raised its holdings in Vimeo by 10.5% during the 2nd quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company’s stock worth $31,291,000 after buying an additional 800,000 shares during the period. Renaissance Technologies LLC raised its holdings in Vimeo by 14.8% during the 2nd quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company’s stock worth $23,470,000 after buying an additional 808,954 shares during the period. Dimensional Fund Advisors LP raised its holdings in Vimeo by 27.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,612,973 shares of the company’s stock worth $17,207,000 after buying an additional 987,923 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in Vimeo by 3.8% during the second quarter. Acadian Asset Management LLC now owns 1,880,837 shares of the company’s stock valued at $7,013,000 after buying an additional 68,195 shares in the last quarter. 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.