Xponance Inc. Invests $67,000 in Vimeo, Inc. (NASDAQ:VMEO)

Xponance Inc. acquired a new stake in Vimeo, Inc. (NASDAQ:VMEO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,469 shares of the company’s stock, valued at approximately $67,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Vimeo during the 4th quarter worth $30,000. Allworth Financial LP raised its stake in Vimeo by 5,662.8% during the fourth quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock worth $31,000 after acquiring an additional 4,870 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Vimeo in the fourth quarter worth about $36,000. EP Wealth Advisors LLC acquired a new stake in shares of Vimeo in the 3rd quarter valued at approximately $51,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of Vimeo during the 4th quarter valued at approximately $72,000. 84.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler upgraded shares of Vimeo from a “neutral” rating to an “overweight” rating and raised their target price for the company from $7.00 to $10.00 in a research report on Tuesday, December 10th.

Vimeo Trading Down 2.9 %

Vimeo stock opened at $5.32 on Friday. The stock has a 50-day moving average price of $6.03 and a two-hundred day moving average price of $5.98. Vimeo, Inc. has a 12 month low of $3.43 and a 12 month high of $7.90. The company has a market capitalization of $877.01 million, a PE ratio of 33.25 and a beta of 2.22.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The business had revenue of $103.16 million for the quarter, compared to the consensus estimate of $100.60 million. As a group, analysts predict that Vimeo, Inc. will post 0.16 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.