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

Key Points

• Vimeo experienced a significant increase in trading volume, with 6,680,560 shares traded—up 249% from the previous day, closing at $7.75.
• Analysts have mixed ratings on Vimeo, with one upgrade to "buy" from Wall Street Zen and a downgrade to "neutral" from Piper Sandler, while the consensus rating remains a "hold" with a target price of $7.31.
• In the first quarter, hedge funds made notable investments in Vimeo, with T. Rowe Price increasing its stake by 74.9%, demonstrating strong institutional interest in the company.

Vimeo, Inc. (NASDAQ:VMEO - Get Free Report) shares saw strong trading volume on Thursday . 6,680,560 shares traded hands during trading, an increase of 249% from the previous session's volume of 1,913,726 shares.The stock last traded at $7.75 and had previously closed at $7.74.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Truist Financial reissued a "hold" rating and set a $7.85 price target (down previously from $8.00) on shares of Vimeo in a research report on Friday. Wall Street Zen downgraded shares of Vimeo from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Piper Sandler downgraded shares of Vimeo from an "overweight" rating to a "hold" rating and set a $7.85 price target for the company. in a research report on Wednesday, September 10th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $7.03.

Vimeo Price Performance

The business's 50 day moving average is $4.37 and its two-hundred day moving average is $4.64. The firm has a market capitalization of $1.28 billion, a P/E ratio of 96.64 and a beta of 2.01.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.05. Vimeo had a net margin of 3.17% and a return on equity of 3.31%. The business had revenue of $104.65 million for the quarter, compared to analysts' expectations of $107.36 million. During the same period in the previous year, the business earned $0.06 earnings per share. The company's revenue was up .3% on a year-over-year basis. Vimeo has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vimeo

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in Vimeo by 1,547.0% in the first quarter. GAMMA Investing LLC now owns 4,908 shares of the company's stock worth $26,000 after acquiring an additional 4,610 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in Vimeo in the second quarter worth about $41,000. DekaBank Deutsche Girozentrale bought a new stake in Vimeo in the second quarter worth about $45,000. Point72 Asia Singapore Pte. Ltd. raised 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, Jupiter Asset Management Ltd. bought a new stake in Vimeo in the second quarter worth about $46,000. 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.