Vimeo (NASDAQ:VMEO) Shares Gap Up to $3.80

Vimeo, Inc. (NASDAQ:VMEO - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $3.80, but opened at $4.00. Vimeo shares last traded at $3.91, with a volume of 569,212 shares.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reiterated a "neutral" rating and set a $4.50 target price (up from $4.00) on shares of Vimeo in a research report on Tuesday.

Vimeo Trading Up 3.2 %

The firm's 50-day moving average price is $4.27 and its 200 day moving average price is $3.91. The company has a market capitalization of $658.72 million, a price-to-earnings ratio of 30.16 and a beta of 2.02.

Vimeo (NASDAQ:VMEO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. The business had revenue of $105.54 million during the quarter, compared to the consensus estimate of $102.37 million. During the same period in the previous year, the business earned ($0.03) earnings per share. The company's revenue was up .0% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Vimeo in the 3rd quarter valued at approximately $216,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Vimeo by 20.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,664 shares of the company's stock valued at $101,000 after acquiring an additional 4,963 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Vimeo by 121.1% during the 3rd quarter. Mackenzie Financial Corp now owns 65,223 shares of the company's stock valued at $225,000 after acquiring an additional 35,727 shares in the last quarter. Strs Ohio grew its position in Vimeo by 59.4% during the 3rd quarter. Strs Ohio now owns 157,600 shares of the company's stock worth $557,000 after acquiring an additional 58,700 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Vimeo by 1,377.6% in the third quarter. Teacher Retirement System of Texas now owns 173,144 shares of the company's stock valued at $613,000 after purchasing an additional 161,426 shares during the last quarter. Institutional investors own 84.97% of the company's stock.

Vimeo Company Profile

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.