Shares of Vimeo, Inc. (NASDAQ:VMEO – Get Rating) have earned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $21.29.
A number of equities research analysts have weighed in on the stock. Piper Sandler downgraded shares of Vimeo from an “overweight” rating to a “neutral” rating and cut their price target for the company from $18.00 to $10.00 in a report on Thursday, May 5th. Jefferies Financial Group cut their price target on shares of Vimeo from $35.00 to $25.00 in a report on Friday, February 11th. Wells Fargo & Company cut their price objective on Vimeo from $33.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, February 14th. Truist Financial cut their price objective on Vimeo from $36.00 to $22.00 in a report on Monday, February 14th. Finally, Zacks Investment Research downgraded Vimeo from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Vimeo by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 12,925,822 shares of the company’s stock valued at $153,558,000 after purchasing an additional 291,050 shares during the period. Southeastern Asset Management Inc. TN increased its holdings in Vimeo by 252.3% in the first quarter. Southeastern Asset Management Inc. TN now owns 11,296,320 shares of the company’s stock worth $134,200,000 after buying an additional 8,090,173 shares during the last quarter. Baillie Gifford & Co. acquired a new position in Vimeo in the fourth quarter worth approximately $140,572,000. BlackRock Inc. acquired a new position in Vimeo in the fourth quarter worth approximately $118,187,000. Finally, Thrive Capital Management LLC acquired a new position in Vimeo in the fourth quarter worth approximately $105,117,000. Institutional investors own 78.94% of the company’s stock.
Shares of NASDAQ VMEO opened at $8.78 on Thursday. Vimeo has a twelve month low of $7.68 and a twelve month high of $58.00. The company has a market capitalization of $1.46 billion and a price-to-earnings ratio of -17.22. The firm has a 50-day moving average of $10.93 and a two-hundred day moving average of $14.98.
About Vimeo (Get Rating)
Vimeo, Inc, together with its subsidiaries, provides video software solutions in New York and internationally. The company 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. It also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.