Vimeo (NASDAQ:VMEO) Sets New 12-Month High – Here’s Why

Vimeo, Inc. (NASDAQ:VMEO) shares reached a new 52-week high during trading on Monday . The company traded as high as $7.22 and last traded at $7.21, with a volume of 778797 shares trading hands. The stock had previously closed at $6.79.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Piper Sandler restated a “neutral” rating and issued a $7.00 target price (up from $5.00) on shares of Vimeo in a research note on Tuesday, November 5th. Truist Financial raised their price objective on Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, TD Cowen upped their target price on Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

Vimeo Stock Down 1.6 %

The business’s 50 day moving average is $5.20 and its 200 day moving average is $4.47. The company has a market cap of $1.10 billion, a P/E ratio of 33.70 and a beta of 2.08.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. The firm had revenue of $104.56 million during the quarter, compared to analysts’ expectations of $99.48 million. During the same period in the prior year, the business posted $0.05 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Vimeo, Inc. will post 0.18 EPS for the current year.

Institutional Trading of Vimeo

A number of institutional investors have recently made changes to their positions in VMEO. Vanguard Personalized Indexing Management LLC purchased a new position in Vimeo during the 2nd quarter worth approximately $41,000. DekaBank Deutsche Girozentrale acquired a new stake in Vimeo in the second quarter valued at approximately $42,000. Headlands Technologies LLC increased its holdings in Vimeo by 4,565.2% in the 1st quarter. Headlands Technologies LLC now owns 11,943 shares of the company’s stock worth $49,000 after acquiring an additional 11,687 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC acquired a new position in shares of Vimeo during the 3rd quarter worth about $54,000. Finally, Covestor Ltd raised its holdings in shares of Vimeo by 53.4% during the first quarter. Covestor Ltd now owns 13,629 shares of the company’s stock valued at $56,000 after acquiring an additional 4,743 shares during the last quarter. Institutional investors and hedge funds 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.