Dynamic Technology Lab Private Ltd Invests $173,000 in Vimeo, Inc. (NASDAQ:VMEO)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vimeo, Inc. (NASDAQ:VMEO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 34,302 shares of the company’s stock, valued at approximately $173,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in shares of Vimeo by 2.5% in the second quarter. Hsbc Holdings PLC now owns 89,527 shares of the company’s stock valued at $336,000 after acquiring an additional 2,180 shares in the last quarter. Quintet Private Bank Europe S.A. grew its stake in Vimeo by 18.1% during the third quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company’s stock valued at $101,000 after acquiring an additional 3,063 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in Vimeo by 6.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 59,045 shares of the company’s stock valued at $298,000 after acquiring an additional 3,327 shares during the last quarter. Algert Global LLC increased its holdings in Vimeo by 3.5% in the 3rd quarter. Algert Global LLC now owns 100,110 shares of the company’s stock valued at $506,000 after acquiring an additional 3,352 shares during the last quarter. Finally, Connors Investor Services Inc. lifted its stake in Vimeo by 16.0% in the 2nd quarter. Connors Investor Services Inc. now owns 29,000 shares of the company’s stock worth $108,000 after purchasing an additional 4,000 shares in the last quarter. 84.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VMEO. Truist Financial lifted their target price on Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. TD Cowen boosted their target price on shares of Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Piper Sandler restated a “neutral” rating and set a $7.00 target price (up from $5.00) on shares of Vimeo in a research report on Tuesday, November 5th.

Vimeo Trading Up 1.2 %

Shares of VMEO opened at $6.61 on Tuesday. Vimeo, Inc. has a twelve month low of $3.43 and a twelve month high of $7.28. The company’s fifty day simple moving average is $5.58 and its 200-day simple moving average is $4.73. The company has a market cap of $1.10 billion, a P/E ratio of 32.70 and a beta of 2.08.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. The firm had revenue of $104.56 million for the quarter, compared to the consensus estimate of $99.48 million. During the same period in the prior year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts predict that Vimeo, Inc. will post 0.18 earnings per share for the current fiscal year.

Vimeo Profile

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.