Vimeo (NASDAQ:VMEO) Trading 8.2% Higher

Vimeo, Inc. (NASDAQ:VMEO – Get Rating)’s stock price traded up 8.2% during mid-day trading on Friday . The company traded as high as $4.01 and last traded at $3.97. 345,208 shares traded hands during trading, a decline of 81% from the average session volume of 1,849,351 shares. The stock had previously closed at $3.67.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Vimeo from $10.00 to $7.25 and set an “overweight” rating on the stock in a report on Thursday, January 19th. Cowen reduced their price objective on Vimeo from $7.00 to $6.00 in a research report on Wednesday.

Vimeo Price Performance

The company has a market cap of $652.46 million, a PE ratio of -8.17 and a beta of 1.87. The business has a 50-day moving average of $3.97 and a 200 day moving average of $4.29.

Vimeo (NASDAQ:VMEO – Get Rating) last posted its quarterly earnings data on Monday, February 27th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.12. The company had revenue of $105.56 million during the quarter, compared to analysts’ expectations of $105.00 million. Vimeo had a negative return on equity of 18.09% and a negative net margin of 18.38%. Vimeo’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) earnings per share. On average, equities analysts predict that Vimeo, Inc. will post -0.45 EPS for the current fiscal year.

Institutional Trading of Vimeo

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC increased its position in Vimeo by 6.3% in the fourth quarter. Voya Investment Management LLC now owns 421,982 shares of the company’s stock worth $1,447,000 after buying an additional 25,086 shares in the last quarter. Point72 Middle East FZE purchased a new stake in Vimeo in the fourth quarter worth about $69,000. CI Private Wealth LLC purchased a new stake in Vimeo in the fourth quarter worth about $105,000. B. Riley Asset Management LLC purchased a new stake in Vimeo in the fourth quarter worth about $754,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Vimeo in the fourth quarter worth about $663,000. Hedge funds and other institutional investors own 83.89% of the company’s stock.

About Vimeo

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Vimeo, Inc, together with its subsidiaries, provides video software solutions in New York and internationally. The company 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. It also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.