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

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

Vimeo Trading Up 3.9 %

NASDAQ VMEO traded up $0.26 during trading on Thursday, hitting $7.00. The company had a trading volume of 2,850,905 shares, compared to its average volume of 1,965,546. Vimeo has a one year low of $3.43 and a one year high of $7.18. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 33.70 and a beta of 2.08. The company’s fifty day moving average is $5.07 and its 200-day moving average is $4.37.

Wall Street Analyst Weigh In

A number of research firms recently commented on VMEO. Piper Sandler reiterated a “neutral” rating and set a $7.00 price target (up from $5.00) on shares of Vimeo in a report on Tuesday. TD Cowen upped their price target on shares of Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Truist Financial upped their price target on shares of Vimeo from $7.00 to $9.00 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.