Bailard Inc. Makes New Investment in Vimeo, Inc. (NASDAQ:VMEO)

Bailard Inc. purchased a new stake in Vimeo, Inc. (NASDAQ:VMEO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 26,800 shares of the company’s stock, valued at approximately $105,000.

Several other large investors have also recently bought and sold shares of VMEO. Covestor Ltd boosted its position in shares of Vimeo by 3,726.9% during the 3rd quarter. Covestor Ltd now owns 9,108 shares of the company’s stock worth $32,000 after purchasing an additional 8,870 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in shares of Vimeo in the 4th quarter valued at about $47,000. Oak Thistle LLC acquired a new stake in shares of Vimeo in the third quarter valued at about $50,000. Principal Financial Group Inc. boosted its holdings in Vimeo by 33.7% during the third quarter. Principal Financial Group Inc. now owns 21,939 shares of the company’s stock worth $78,000 after buying an additional 5,534 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Vimeo during the third quarter worth about $82,000. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Vimeo Price Performance

NASDAQ VMEO opened at $3.66 on Tuesday. The business has a 50 day moving average price of $4.30 and a 200 day moving average price of $3.90. The company has a market capitalization of $615.03 million, a P/E ratio of 28.16 and a beta of 2.04. Vimeo, Inc. has a 1-year low of $3.02 and a 1-year high of $5.77.

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

Wall Street Analyst Weigh In

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

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.