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.
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.
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.
- Get a free copy of the StockNews.com research report on Vimeo (VMEO)
- MarketBeat Week in Review – 2/27 – 3/3
- The 3 Most Upgraded Stocks Are Reversing
- How to Find Blue Chip Dividend Stocks
- Zscaler, Inc Plummets, Is It Time To Buy The Dip?
- What is a Good Dividend Yield? How to Decide
Receive News & Ratings for Vimeo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vimeo and related companies with MarketBeat.com's FREE daily email newsletter.