Vimeo (NASDAQ:VMEO) Shares Gap Down – Should You Sell?

Vimeo, Inc. (NASDAQ:VMEO)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $6.78, but opened at $5.58. Vimeo shares last traded at $5.36, with a volume of 3,262,050 shares.

Analyst Upgrades and Downgrades

A number of analysts have commented on VMEO shares. TD Cowen increased their price target on shares of Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Truist Financial boosted their price target on Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Piper Sandler raised Vimeo from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $7.00 to $10.00 in a research report on Tuesday, December 10th.

Vimeo Stock Performance

The stock’s fifty day simple moving average is $6.59 and its 200-day simple moving average is $5.87. The stock has a market cap of $876.52 million, a P/E ratio of 26.42 and a beta of 2.21.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $103.16 million for the quarter, compared to analyst estimates of $100.60 million. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. As a group, equities research analysts forecast that Vimeo, Inc. will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. PharVision Advisers LLC bought a new position in shares of Vimeo during the fourth quarter valued at $197,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Vimeo by 17.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 334,042 shares of the company’s stock valued at $2,138,000 after acquiring an additional 49,094 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Vimeo by 57.7% during the 4th quarter. Two Sigma Investments LP now owns 170,052 shares of the company’s stock worth $1,088,000 after purchasing an additional 62,237 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Vimeo in the fourth quarter valued at approximately $91,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in Vimeo by 919.9% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,231 shares of the company’s stock valued at $46,000 after purchasing an additional 6,522 shares during the period. 84.97% of the stock is currently owned by institutional investors.

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.