Jefferies Financial Group Issues Pessimistic Forecast for Vimeo (NASDAQ:VMEO) Stock Price

Vimeo (NASDAQ:VMEO) had its price objective reduced by stock analysts at Jefferies Financial Group from $7.00 to $5.40 in a report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 16.63% from the stock’s previous close.

Separately, Piper Sandler upgraded Vimeo from a “neutral” rating to an “overweight” rating and raised their price target for the company from $7.00 to $10.00 in a research note on Tuesday, December 10th.

Vimeo Stock Performance

NASDAQ:VMEO opened at $4.63 on Monday. The company has a market cap of $763.26 million, a PE ratio of 28.94 and a beta of 2.17. The stock has a 50-day simple moving average of $5.78 and a 200 day simple moving average of $5.97. Vimeo has a 52-week low of $3.43 and a 52-week high of $7.90.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The company had revenue of $103.16 million for the quarter, compared to the consensus estimate of $100.60 million. On average, research analysts predict that Vimeo will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vimeo

A number of hedge funds and other institutional investors have recently bought and sold shares of VMEO. GAMMA Investing LLC boosted its stake in shares of Vimeo by 1,547.0% during the 1st quarter. GAMMA Investing LLC now owns 4,908 shares of the company’s stock worth $26,000 after acquiring an additional 4,610 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Vimeo by 780.4% in the fourth quarter. Sterling Capital Management LLC now owns 4,578 shares of the company’s stock valued at $29,000 after purchasing an additional 4,058 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Vimeo in the fourth quarter valued at about $30,000. Allworth Financial LP lifted its stake in shares of Vimeo by 5,662.8% during the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock worth $31,000 after buying an additional 4,870 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in Vimeo in the 4th quarter valued at about $36,000. Institutional investors 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.