Vimeo (NASDAQ:VMEO) Stock Rating Reaffirmed by Piper Sandler

Piper Sandler reiterated their neutral rating on shares of Vimeo (NASDAQ:VMEO) in a report released on Tuesday, Benzinga reports. The firm currently has a $4.50 price target on the stock, up from their previous price target of $4.00.

Vimeo Stock Up 3.2 %

Shares of VMEO opened at $3.92 on Tuesday. Vimeo has a 52-week low of $3.02 and a 52-week high of $5.77. The company has a market capitalization of $658.72 million, a PE ratio of 30.16 and a beta of 2.02. The stock has a fifty day simple moving average of $4.27 and a two-hundred day simple moving average of $3.91.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. The company had revenue of $105.54 million during the quarter, compared to analysts’ expectations of $102.37 million. Vimeo had a return on equity of 6.07% and a net margin of 5.28%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) earnings per share.

Hedge Funds Weigh In On Vimeo

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Vimeo by 3.3% in the third quarter. Vanguard Group Inc. now owns 15,259,338 shares of the company’s stock valued at $54,018,000 after purchasing an additional 483,443 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Vimeo by 75.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,493,555 shares of the company’s stock worth $21,535,000 after acquiring an additional 2,360,405 shares during the period. Acadian Asset Management LLC raised its stake in shares of Vimeo by 10.2% in the third quarter. Acadian Asset Management LLC now owns 2,322,643 shares of the company’s stock valued at $8,218,000 after acquiring an additional 214,366 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Vimeo by 10.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,776,051 shares of the company’s stock valued at $6,962,000 after purchasing an additional 174,892 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Vimeo by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,239,238 shares of the company’s stock worth $4,858,000 after purchasing an additional 37,824 shares in the last quarter. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

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.