Vimeo (NASDAQ:VMEO – Get Rating) issued its earnings results on Wednesday. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02, reports. The company had revenue of $110.98 million during the quarter, compared to analysts’ expectations of $108.67 million. Vimeo had a negative net margin of 20.85% and a negative return on equity of 18.91%. Vimeo updated its FY 2022 guidance to EPS and its Q3 2022 guidance to EPS.
Vimeo Stock Performance
VMEO opened at $6.73 on Friday. The firm has a market cap of $1.12 billion, a P/E ratio of -12.46 and a beta of 1.56. The firm has a 50-day moving average of $6.71 and a 200 day moving average of $9.91. Vimeo has a fifty-two week low of $5.33 and a fifty-two week high of $43.10.
Wall Street Analyst Weigh In
Separately, Piper Sandler cut shares of Vimeo from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $10.00 in a research report on Thursday, May 5th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.29.
Hedge Funds Weigh In On Vimeo
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.
- Get a free copy of the StockNews.com research report on Vimeo (VMEO)
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