Vimeo (VMEO) Projected to Post Earnings on Wednesday

Vimeo (NASDAQ:VMEO) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect Vimeo to post earnings of $0.01 per share and revenue of $100.60 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Vimeo Stock Up 0.6 %

VMEO opened at $6.67 on Tuesday. The firm has a 50 day moving average price of $6.62 and a 200-day moving average price of $5.85. Vimeo has a twelve month low of $3.43 and a twelve month high of $7.90. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 33.35 and a beta of 2.21.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Piper Sandler upgraded shares of Vimeo from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $7.00 to $10.00 in a research report on Tuesday, December 10th. Finally, TD Cowen boosted their target price on shares of Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th.

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.