Vimeo (NASDAQ:VMEO – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05, Briefing.com reports. Vimeo had a return on equity of 7.71% and a net margin of 6.88%. The company had revenue of $104.38 million for the quarter, compared to analysts’ expectations of $99.45 million. During the same period in the previous year, the business posted $0.03 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year.
Vimeo Stock Up 5.9 %
VMEO stock traded up $0.26 during mid-day trading on Wednesday, reaching $4.64. 486,337 shares of the company traded hands, compared to its average volume of 2,236,386. The stock has a market cap of $785.39 million, a price-to-earnings ratio of 25.76 and a beta of 2.03. Vimeo has a fifty-two week low of $3.02 and a fifty-two week high of $5.77. The firm’s 50 day moving average price is $3.78 and its 200 day moving average price is $3.99.
Analyst Ratings Changes
A number of brokerages have weighed in on VMEO. Piper Sandler lifted their target price on Vimeo from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Tuesday. Truist Financial upped their price objective on shares of Vimeo from $6.00 to $7.00 and gave the company a “buy” rating in a report on Tuesday.
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.
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