Vimeo (NASDAQ:VMEO) Receives New Coverage from Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Vimeo (NASDAQ:VMEO) in a report published on Wednesday morning, PriceTargets.com reports. The brokerage issued an overweight rating and a $47.00 price target on the stock.

A number of other research firms have also weighed in on VMEO. Piper Sandler decreased their price target on Vimeo from $52.00 to $51.00 and set an overweight rating for the company in a research report on Monday, August 9th. Cowen decreased their price target on Vimeo from $56.00 to $50.00 and set an outperform rating for the company in a research report on Monday, August 9th. KeyCorp initiated coverage on Vimeo in a research report on Tuesday, May 25th. They issued a sector weight rating for the company. Zacks Investment Research lowered Vimeo from a hold rating to a sell rating in a research report on Thursday, August 12th. Finally, Jefferies Financial Group decreased their price target on Vimeo from $60.00 to $54.00 and set a buy rating for the company in a research report on Monday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $49.75.

Shares of VMEO opened at $33.00 on Wednesday. The company’s fifty day simple moving average is $38.03. Vimeo has a one year low of $29.17 and a one year high of $58.00.

Vimeo (NASDAQ:VMEO) last announced its earnings results on Thursday, August 5th. The company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. The firm had revenue of $96.05 million for the quarter, compared to the consensus estimate of $95.78 million. Sell-side analysts predict that Vimeo will post -0.29 EPS for the current fiscal year.

Vimeo Company Profile

Vimeo, Inc owns and operates an online video platform for users to upload, share, and watch videos. The company's platform provides video player, collaboration, marketing, live streaming, analystics, hosting, and management solutions. It also provides Vimeo On Demand, an open self-distribution service that enables users to sell their works directly to their audiences and retain a share of the revenue after transaction costs; and Vimeo Create, a suite of tools for making social videos.

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Analyst Recommendations for Vimeo (NASDAQ:VMEO)

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