Vimeo (NASDAQ:VMEO) Trading 8.2% Higher

Vimeo, Inc. (NASDAQ:VMEO – Get Rating) traded up 8.2% during trading on Friday . The stock traded as high as $4.01 and last traded at $3.97. 345,208 shares were traded during mid-day 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

Several research analysts have commented on the company. Wells Fargo & Company cut their target price on Vimeo from $10.00 to $7.25 and set an “overweight” rating for the company in a research note on Thursday, January 19th. Cowen cut their target price on Vimeo from $7.00 to $6.00 in a research note on Wednesday.

Vimeo Stock Performance

The stock has a market cap of $652.46 million, a P/E ratio of -8.17 and a beta of 1.87. The stock has a 50-day moving average price of $3.97 and a 200-day moving average price of $4.29.

Vimeo (NASDAQ:VMEO – Get Rating) last issued its quarterly earnings results on Monday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.12. The firm had revenue of $105.56 million during the quarter, compared to the consensus estimate of $105.00 million. Vimeo had a negative return on equity of 18.09% and a negative net margin of 18.38%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company posted ($0.14) EPS. Sell-side analysts forecast that Vimeo, Inc. will post -0.45 earnings per share for the current fiscal year.

Institutional Trading of Vimeo

A number of hedge funds have recently bought and sold shares of VMEO. Raymond James & Associates lifted its position in Vimeo by 10.9% in the 1st quarter. Raymond James & Associates now owns 65,657 shares of the company’s stock worth $780,000 after buying an additional 6,464 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Vimeo by 57.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,418,553 shares of the company’s stock worth $16,853,000 after purchasing an additional 519,715 shares during the period. HighTower Advisors LLC increased its stake in Vimeo by 3.3% in the 1st quarter. HighTower Advisors LLC now owns 64,476 shares of the company’s stock worth $730,000 after purchasing an additional 2,052 shares during the period. Citigroup Inc. increased its stake in Vimeo by 49.4% in the 1st quarter. Citigroup Inc. now owns 61,157 shares of the company’s stock worth $726,000 after purchasing an additional 20,226 shares during the period. Finally, Bank of Montreal Can purchased a new position in Vimeo in the 1st quarter worth approximately $231,000. 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.