Jefferies Financial Group Has Lowered Expectations for Vimeo (NASDAQ:VMEO) Stock Price

Vimeo (NASDAQ:VMEO) had its target price dropped by equities research analysts at Jefferies Financial Group from $7.00 to $5.40 in a report released on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 16.03% from the company’s current price.

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

Vimeo Stock Performance

Shares of Vimeo stock traded down $0.10 during trading on Monday, hitting $4.65. 454,988 shares of the stock were exchanged, compared to its average volume of 1,558,797. Vimeo has a 12 month low of $3.43 and a 12 month high of $7.90. The stock’s fifty day moving average is $5.90 and its 200 day moving average is $5.98. The stock has a market cap of $767.22 million, a PE ratio of 28.81 and a beta of 2.17.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $103.16 million during the quarter, compared to analysts’ expectations of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. Sell-side analysts anticipate that Vimeo will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Vimeo

A number of institutional investors and hedge funds have recently bought and sold shares of VMEO. Nuveen Asset Management LLC lifted its stake in Vimeo by 82.5% during the fourth quarter. Nuveen Asset Management LLC now owns 2,707,697 shares of the company’s stock valued at $17,329,000 after buying an additional 1,224,263 shares in the last quarter. G2 Investment Partners Management LLC acquired a new position in Vimeo in the 4th quarter worth approximately $7,275,000. Boston Partners grew its position in Vimeo by 465.5% during the 4th quarter. Boston Partners now owns 1,194,421 shares of the company’s stock worth $7,643,000 after purchasing an additional 983,198 shares in the last quarter. Norges Bank acquired a new stake in Vimeo during the 4th quarter valued at $3,640,000. Finally, FMR LLC lifted its holdings in shares of Vimeo by 65.1% in the third quarter. FMR LLC now owns 1,392,457 shares of the company’s stock valued at $7,032,000 after purchasing an additional 548,812 shares in the last quarter. 84.97% of the stock is owned by institutional investors and hedge funds.

About Vimeo

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.