Vimeo, Inc. (NASDAQ:VMEO) gapped down prior to trading on Friday after Jefferies Financial Group lowered their price target on the stock from $35.00 to $25.00. The stock had previously closed at $11.24, but opened at $10.81. Vimeo shares last traded at $11.86, with a volume of 7,917 shares.
Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of Vimeo from $30.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 15th. Cowen downgraded shares of Vimeo from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $50.00 to $30.00 in a research report on Friday, November 5th. Piper Sandler cut their price objective on shares of Vimeo from $33.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday. BMO Capital Markets cut their price objective on shares of Vimeo from $28.00 to $21.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 8th. Finally, Zacks Investment Research raised shares of Vimeo from a “sell” rating to a “hold” rating in a research report on Wednesday, February 2nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Vimeo has an average rating of “Hold” and an average price target of $28.88.
Large investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new position in shares of Vimeo in the 4th quarter worth approximately $27,000. Fifth Third Bancorp bought a new position in shares of Vimeo in the 4th quarter worth approximately $29,000. Kistler Tiffany Companies LLC bought a new position in shares of Vimeo in the 4th quarter worth approximately $41,000. Signaturefd LLC bought a new position in shares of Vimeo in the 4th quarter worth approximately $42,000. Finally, Whittier Trust Co. bought a new position in shares of Vimeo in the 4th quarter worth approximately $80,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.
The company’s 50 day moving average price is $16.05 and its two-hundred day moving average price is $26.48.
Vimeo (NASDAQ:VMEO) last released its earnings results on Tuesday, February 8th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.07). Vimeo had a negative return on equity of 10.17% and a negative net margin of 9.35%. As a group, equities analysts expect that Vimeo, Inc. will post -0.27 earnings per share for the current year.
Vimeo Company Profile (NASDAQ:VMEO)
Vimeo, Inc owns and operates an online video platform for users to upload, share, and watch videos. The company’s platform provides video player, collaboration, marketing, live streaming, analystics, hosting, and management solutions. It also provides Vimeo On Demand, an open self-distribution service that enables users to sell their works directly to their audiences and retain a share of the revenue after transaction costs; and Vimeo Create, a suite of tools for making social videos.