Vimeo (NASDAQ:VMEO) Posts Earnings Results, Beats Estimates By $0.04 EPS

Vimeo (NASDAQ:VMEO) issued its quarterly earnings data on Tuesday. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04, Briefing.com reports. Vimeo had a return on equity of 8.66% and a net margin of 8.08%. The firm had revenue of $104.56 million during the quarter, compared to analyst estimates of $99.48 million. During the same quarter in the prior year, the business posted $0.05 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year.

Vimeo Stock Up 1.0 %

Shares of Vimeo stock traded up $0.07 on Thursday, reaching $6.81. 477,809 shares of the stock were exchanged, compared to its average volume of 1,954,560. Vimeo has a twelve month low of $3.43 and a twelve month high of $7.18. The business has a 50 day moving average price of $5.07 and a two-hundred day moving average price of $4.37. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 33.70 and a beta of 2.08.

Analysts Set New Price Targets

A number of research firms have commented on VMEO. TD Cowen increased their price target on Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Tuesday. Piper Sandler reaffirmed a “neutral” rating and issued a $7.00 price objective (up from $5.00) on shares of Vimeo in a research report on Tuesday. Finally, Truist Financial boosted their target price on shares of Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a research 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.