Wealthfront Advisers LLC Invests $36,000 in Vimeo, Inc. (NASDAQ:VMEO)

Wealthfront Advisers LLC bought a new position in Vimeo, Inc. (NASDAQ:VMEO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,671 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VMEO. Royce & Associates LP lifted its stake in shares of Vimeo by 51.7% in the third quarter. Royce & Associates LP now owns 613,061 shares of the company’s stock worth $3,096,000 after buying an additional 209,033 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Vimeo by 22.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 179,645 shares of the company’s stock valued at $907,000 after purchasing an additional 33,525 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Vimeo during the third quarter valued at approximately $175,000. Algert Global LLC raised its holdings in shares of Vimeo by 3.5% during the third quarter. Algert Global LLC now owns 100,110 shares of the company’s stock valued at $506,000 after purchasing an additional 3,352 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Vimeo during the third quarter valued at approximately $173,000. Institutional investors own 84.97% of the company’s stock.

Wall Street Analyst Weigh In

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

Vimeo Stock Down 2.4 %

VMEO opened at $5.33 on Wednesday. The firm has a 50 day moving average price of $6.15 and a 200-day moving average price of $5.96. Vimeo, Inc. has a twelve month low of $3.43 and a twelve month high of $7.90. The stock has a market capitalization of $878.66 million, a price-to-earnings ratio of 33.31 and a beta of 2.22.

Vimeo (NASDAQ:VMEO) last announced its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $100.60 million. As a group, analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current year.

Vimeo Company 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.