Vimeo (NASDAQ:VMEO) Trading Down 3.1%

Vimeo, Inc. (NASDAQ:VMEO) shares fell 3.1% during trading on Tuesday . The stock traded as low as $3.79 and last traded at $3.79. 135,064 shares were traded during mid-day trading, a decline of 94% from the average session volume of 2,406,117 shares. The stock had previously closed at $3.91.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reiterated a “neutral” rating and set a $4.50 price target (up previously from $4.00) on shares of Vimeo in a research note on Tuesday, May 7th.

Vimeo Stock Performance

The business has a 50 day moving average price of $3.79 and a two-hundred day moving average price of $4.01. The stock has a market cap of $633.07 million, a PE ratio of 22.00 and a beta of 2.04.

Vimeo (NASDAQ:VMEO) last released its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. The firm had revenue of $104.91 million for the quarter, compared to analysts’ expectations of $100.40 million. Vimeo had a net margin of 6.88% and a return on equity of 7.71%. The company’s revenue was up 1.3% on a year-over-year basis. As a group, research analysts anticipate that Vimeo, Inc. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd grew its position in Vimeo by 3,726.9% in the third quarter. Covestor Ltd now owns 9,108 shares of the company’s stock worth $32,000 after acquiring an additional 8,870 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in Vimeo in the fourth quarter worth $47,000. Headlands Technologies LLC grew its position in Vimeo by 4,565.2% in the first quarter. Headlands Technologies LLC now owns 11,943 shares of the company’s stock worth $49,000 after acquiring an additional 11,687 shares in the last quarter. Qtron Investments LLC purchased a new stake in Vimeo during the fourth quarter valued at about $50,000. Finally, Victory Capital Management Inc. boosted its position in Vimeo by 22.7% during the fourth quarter. Victory Capital Management Inc. now owns 19,318 shares of the company’s stock valued at $76,000 after buying an additional 3,571 shares during the period. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

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.