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

Vimeo (NASDAQ:VMEOGet Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04, Briefing.com reports. The company had revenue of $104.56 million during the quarter, compared to analyst estimates of $99.48 million. Vimeo had a net margin of 8.08% and a return on equity of 8.66%. Vimeo’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS.

Vimeo Stock Up 3.9 %

Shares of NASDAQ VMEO traded up $0.26 during trading on Thursday, reaching $7.00. 2,850,905 shares of the company traded hands, compared to its average volume of 1,965,546. The firm has a 50 day simple moving average of $5.07 and a 200-day simple moving average of $4.37. The stock has a market capitalization of $1.16 billion, a PE ratio of 33.70 and a beta of 2.08. Vimeo has a 52-week low of $3.43 and a 52-week high of $7.18.

Analyst Ratings Changes

VMEO has been the topic of several recent analyst reports. Piper Sandler reissued a “neutral” rating and set a $7.00 price objective (up from $5.00) on shares of Vimeo in a research report on Tuesday. TD Cowen increased their price objective on shares of Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Truist Financial increased their price objective on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday.

Read Our Latest Stock Report on Vimeo

About Vimeo

(Get Free Report)

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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Earnings History for Vimeo (NASDAQ:VMEO)

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