Vimeo (NASDAQ:VMEO) Trading Up 1.7%

Vimeo, Inc. (NASDAQ:VMEO) shot up 1.7% during trading on Tuesday . The stock traded as high as $3.58 and last traded at $3.58. 214,631 shares changed hands during trading, a decline of 93% from the average session volume of 2,987,073 shares. The stock had previously closed at $3.52.

Analysts Set New Price Targets

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

Vimeo Stock Performance

The stock has a 50-day moving average of $4.36 and a two-hundred day moving average of $3.89. The company has a market cap of $591.50 million, a P/E ratio of 27.08 and a beta of 2.04.

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

Institutional Trading of Vimeo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gotham Asset Management LLC lifted its position in Vimeo by 39.5% in the third quarter. Gotham Asset Management LLC now owns 140,980 shares of the company’s stock valued at $499,000 after purchasing an additional 39,934 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Vimeo by 3.3% during the third quarter. Vanguard Group Inc. now owns 15,259,338 shares of the company’s stock valued at $54,018,000 after buying an additional 483,443 shares during the period. Aigen Investment Management LP purchased a new position in shares of Vimeo during the third quarter valued at approximately $179,000. SG Americas Securities LLC increased its stake in shares of Vimeo by 28.9% during the fourth quarter. SG Americas Securities LLC now owns 78,783 shares of the company’s stock valued at $309,000 after buying an additional 17,657 shares during the period. Finally, Swiss National Bank increased its stake in shares of Vimeo by 1.4% during the third quarter. Swiss National Bank now owns 326,618 shares of the company’s stock valued at $1,156,000 after buying an additional 4,600 shares during the period. Institutional investors own 84.97% of the company’s stock.

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.