Vimeo (NASDAQ:VMEO) Trading 6.7% Higher

Vimeo, Inc. (NASDAQ:VMEO) was up 6.7% during mid-day trading on Wednesday . The stock traded as high as $4.20 and last traded at $4.15. Approximately 2,575,834 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 2,923,504 shares. The stock had previously closed at $3.89.

Wall Street Analysts Forecast Growth

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

Vimeo Trading Down 2.4 %

The company has a 50-day simple moving average of $4.38 and a 200 day simple moving average of $3.88. The company has a market cap of $687.28 million, a P/E ratio of 31.46 and a beta of 2.08.

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

Institutional Trading of Vimeo

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. purchased a new position in Vimeo during the 1st quarter worth $39,000. MetLife Investment Management LLC purchased a new position in shares of Vimeo during the first quarter valued at $104,000. Covestor Ltd raised its holdings in shares of Vimeo by 3,726.9% in the third quarter. Covestor Ltd now owns 9,108 shares of the company’s stock valued at $32,000 after acquiring an additional 8,870 shares in the last quarter. Capstone Financial Advisors Inc. purchased a new stake in Vimeo in the second quarter worth about $41,000. Finally, Captrust Financial Advisors increased its position in Vimeo by 31.5% during the 2nd quarter. Captrust Financial Advisors now owns 10,190 shares of the company’s stock valued at $61,000 after purchasing an additional 2,443 shares during the period. Institutional investors own 84.97% of the company’s stock.

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.