Perigon Wealth Management LLC Makes New Investment in Vimeo, Inc. (NASDAQ:VMEO)

Perigon Wealth Management LLC acquired a new stake in Vimeo, Inc. (NASDAQ:VMEO) during the 4th quarter, Holdings Channel.com reports. The firm acquired 11,986 shares of the company’s stock, valued at approximately $47,000.

A number of other large investors have also made changes to their positions in VMEO. Norges Bank acquired a new stake in shares of Vimeo during the 4th quarter worth about $7,388,000. Nuveen Asset Management LLC boosted its position in Vimeo by 100.7% during the second quarter. Nuveen Asset Management LLC now owns 3,082,694 shares of the company’s stock worth $12,701,000 after acquiring an additional 1,546,636 shares during the last quarter. BlackRock Inc. grew its stake in Vimeo by 13.4% in the 3rd quarter. BlackRock Inc. now owns 11,580,657 shares of the company’s stock worth $46,321,000 after acquiring an additional 1,372,298 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Vimeo by 14.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 10,964,620 shares of the company’s stock valued at $66,007,000 after acquiring an additional 1,364,656 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Vimeo by 450.7% during the 2nd quarter. Millennium Management LLC now owns 1,572,764 shares of the company’s stock worth $9,468,000 after purchasing an additional 1,287,149 shares during the period. Institutional investors and hedge funds own 84.97% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a $4.00 price objective (down previously from $7.00) on shares of Vimeo in a research report on Friday, January 5th.

Vimeo Price Performance

NASDAQ VMEO opened at $3.55 on Friday. The company has a 50-day moving average of $4.36 and a 200-day moving average of $3.89. Vimeo, Inc. has a 12 month low of $3.02 and a 12 month high of $5.77. The company has a market cap of $596.54 million, a P/E ratio of 27.31 and a beta of 2.04.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. The firm had revenue of $105.54 million during the quarter, compared to analyst estimates of $102.37 million. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. Vimeo’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) earnings per share.

About Vimeo

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.