Vimeo (NASDAQ:VMEO) Sets New 12-Month Low at $5.53 – ETF Daily News

Posted by MarketBeat News on Jul 15th, 2022 Shares of Vimeo, Inc. (NASDAQ:VMEO – Get Rating) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $5.53 and last traded at $5.77, with a volume of 6021 shares changing hands. The stock had previously closed at $5.92. Separately, Piper Sandler cut shares of Vimeo from an “overweight” rating to a “neutral” rating and cut their price target for the company from $18.00 to $10.00 in a research report on Thursday, May 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.29. The stock has a market capitalization of $927.36 million, a P/E ratio of -10.94 and a beta of 1.87. The firm’s 50 day simple moving average is $7.55 and its two-hundred day simple moving average is $11.03. Vimeo (NASDAQ:VMEO – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.08. Vimeo had a…
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