Vimeo (NASDAQ:VMEO) Sets New 52-Week Low at $5.53 – Defense World

Posted by admin on Jul 15th, 2022 Vimeo, Inc. (NASDAQ:VMEO – Get Rating)’s stock price 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 traded. The stock had previously closed at $5.92. Separately, Piper Sandler lowered Vimeo from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $18.00 to $10.00 in a report on Thursday, May 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.29. The firm’s 50 day moving average is $7.55 and its 200 day moving average is $11.03. The company has a market cap of $927.36 million, a PE ratio of -10.94 and a beta of 1.87. Vimeo (NASDAQ:VMEO – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.08. The firm had revenue of $108.35 million during the quarter,…
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