Vimeo, Inc. (NASDAQ:VMEO - Get Free Report) shares rose 1.7% on Tuesday . The stock traded as high as $3.58 and last traded at $3.58. Approximately 214,631 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 2,987,073 shares. The stock had previously closed at $3.52.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reissued a "hold" rating and issued a $4.00 target price (down previously from $7.00) on shares of Vimeo in a research note on Friday, January 5th.
Get Our Latest Stock Report on Vimeo
Vimeo Trading Up 2.3 %
The company has a market cap of $604.94 million, a PE ratio of 28.08 and a beta of 2.04. The company's 50 day moving average is $4.37 and its 200 day moving average is $3.89.
Vimeo (NASDAQ:VMEO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. The company had revenue of $105.54 million for the quarter, compared to the consensus estimate of $102.37 million. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. The firm's revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) EPS.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VMEO. Goldman Sachs Group Inc. grew its holdings in Vimeo by 75.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,493,555 shares of the company's stock worth $21,535,000 after acquiring an additional 2,360,405 shares in the last quarter. Norges Bank bought a new position in Vimeo during the 4th quarter worth about $7,388,000. Vanguard Group Inc. grew its holdings in Vimeo by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 17,220,182 shares of the company's stock worth $67,503,000 after acquiring an additional 1,960,844 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Vimeo by 100.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,082,694 shares of the company's stock worth $12,701,000 after acquiring an additional 1,546,636 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Vimeo by 13.4% during the 3rd quarter. BlackRock Inc. now owns 11,580,657 shares of the company's stock worth $46,321,000 after acquiring an additional 1,372,298 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors.
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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