Vimeo (NASDAQ:VMEO) Sees Unusually-High Trading Volume - Here's Why

Vimeo, Inc. (NASDAQ:VMEO - Get Free Report) shares saw strong trading volume on Friday . 2,786,197 shares were traded during trading, an increase of 79% from the previous session's volume of 1,553,292 shares.The stock last traded at $3.97 and had previously closed at $4.03.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Piper Sandler set a $8.00 target price on Vimeo and gave the company an "overweight" rating in a report on Tuesday, May 6th. Jefferies Financial Group reduced their price objective on Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a research note on Monday, April 7th.

Vimeo Stock Up 0.5%

The stock has a market capitalization of $657.33 million, a PE ratio of 39.90 and a beta of 2.01. The stock's 50-day moving average is $4.32 and its 200 day moving average is $5.26.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. Vimeo had a net margin of 4.10% and a return on equity of 4.26%. The business had revenue of $103.03 million for the quarter, compared to analysts' expectations of $101.57 million. During the same period in the previous year, the company posted $0.04 EPS. Vimeo's revenue was down 1.8% on a year-over-year basis. As a group, equities research analysts forecast that Vimeo, Inc. will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VMEO. GAMMA Investing LLC lifted its holdings in shares of Vimeo by 1,547.0% during the 1st quarter. GAMMA Investing LLC now owns 4,908 shares of the company's stock valued at $26,000 after buying an additional 4,610 shares during the last quarter. Sterling Capital Management LLC raised its position in Vimeo by 780.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,578 shares of the company's stock valued at $29,000 after acquiring an additional 4,058 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in Vimeo in the fourth quarter valued at approximately $36,000. Point72 Asia Singapore Pte. Ltd. grew its position in Vimeo by 919.9% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,231 shares of the company's stock worth $46,000 after acquiring an additional 6,522 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Vimeo during the 4th quarter worth $47,000. 84.97% of the stock is owned by institutional investors and hedge funds.

About Vimeo

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.