Vimeo (NASDAQ:VMEO) Sees Unusually-High Trading Volume

Shares of Vimeo, Inc. (NASDAQ:VMEO - Get Free Report) saw strong trading volume on Monday . 3,143,441 shares changed hands during mid-day trading, an increase of 34% from the previous session's volume of 2,348,857 shares.The stock last traded at $4.55 and had previously closed at $5.43.

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 report on Friday, January 5th.

Vimeo Stock Performance

The firm has a market cap of $663.76 million, a P/E ratio of 31.31 and a beta of 2.08. The stock has a fifty day simple moving average of $4.36 and a 200 day simple moving average of $3.88.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.06. The business had revenue of $105.54 million during the quarter, compared to analyst estimates of $102.37 million. Vimeo had a return on equity of 6.07% and a net margin of 5.28%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) EPS.

Hedge Funds Weigh In On Vimeo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Covestor Ltd lifted its position in Vimeo by 3,726.9% during the third quarter. Covestor Ltd now owns 9,108 shares of the company's stock valued at $32,000 after purchasing an additional 8,870 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Vimeo during the first quarter valued at $39,000. Capstone Financial Advisors Inc. purchased a new position in Vimeo during the second quarter valued at $41,000. Commonwealth Equity Services LLC purchased a new position in Vimeo during the third quarter valued at $41,000. Finally, Perigon Wealth Management LLC purchased a new position in Vimeo during the fourth quarter valued at $47,000. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

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.