Vimeo (NASDAQ:VMEO) Sees Strong Trading Volume - Should You Buy?

Vimeo, Inc. (NASDAQ:VMEO - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 2,786,197 shares were traded during mid-day 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.

Wall Street Analysts Forecast Growth

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

Vimeo Stock Performance

The firm has a market capitalization of $659.78 million, a price-to-earnings ratio of 40.05 and a beta of 2.01. The business has a fifty day moving average of $4.37 and a two-hundred day moving average of $5.32.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its 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 return on equity of 4.26% and a net margin of 4.10%. The company had revenue of $103.03 million for the quarter, compared to the consensus estimate of $101.57 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts predict that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Vimeo

Several institutional investors have recently made changes to their positions in VMEO. T. Rowe Price Investment Management Inc. boosted its stake in shares of Vimeo by 74.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,484,430 shares of the company's stock valued at $55,149,000 after buying an additional 4,488,607 shares during the period. Boston Partners increased its stake in shares of Vimeo by 279.4% in the 1st quarter. Boston Partners now owns 4,531,775 shares of the company's stock valued at $23,833,000 after purchasing an additional 3,337,354 shares during the last quarter. Nuveen LLC bought a new position in shares of Vimeo in the 1st quarter valued at $15,363,000. Lynrock Lake LP increased its stake in shares of Vimeo by 8.9% in the 1st quarter. Lynrock Lake LP now owns 15,217,094 shares of the company's stock valued at $80,042,000 after purchasing an additional 1,242,549 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of Vimeo by 82.5% in the 4th quarter. Nuveen Asset Management LLC now owns 2,707,697 shares of the company's stock valued at $17,329,000 after purchasing an additional 1,224,263 shares during the last quarter. 84.97% of the stock is currently owned by 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.

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