Vimeo (NASDAQ:VMEO) Rating Reiterated by Piper Sandler

Vimeo (NASDAQ:VMEO)‘s stock had its “neutral” rating reiterated by equities researchers at Piper Sandler in a report released on Tuesday, Benzinga reports. They presently have a $4.50 price objective on the stock, up from their previous price objective of $4.00. Piper Sandler’s price objective would indicate a potential upside of 14.50% from the stock’s previous close.

Vimeo Stock Up 3.4 %

NASDAQ:VMEO traded up $0.13 on Tuesday, hitting $3.93. The stock had a trading volume of 1,695,425 shares, compared to its average volume of 2,780,307. Vimeo has a 52-week low of $3.02 and a 52-week high of $5.77. The stock has a market cap of $660.40 million, a price-to-earnings ratio of 30.16 and a beta of 2.02. The business’s 50-day simple moving average is $4.27 and its two-hundred day simple moving average is $3.91.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VMEO. Covestor Ltd grew its holdings in Vimeo by 3,726.9% during the 3rd quarter. Covestor Ltd now owns 9,108 shares of the company’s stock valued at $32,000 after buying an additional 8,870 shares in the last quarter. Perigon Wealth Management LLC bought a new position in Vimeo during the fourth quarter valued at $47,000. Qtron Investments LLC purchased a new position in shares of Vimeo in the 4th quarter worth $50,000. Victory Capital Management Inc. raised its position in shares of Vimeo by 22.7% during the 4th quarter. Victory Capital Management Inc. now owns 19,318 shares of the company’s stock valued at $76,000 after buying an additional 3,571 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Vimeo by 33.7% in the third quarter. Principal Financial Group Inc. now owns 21,939 shares of the company’s stock worth $78,000 after acquiring an additional 5,534 shares in the last quarter. 84.97% of the stock is currently owned by 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.