PharVision Advisers LLC Purchases New Position in Vimeo, Inc. (NASDAQ:VMEO)

PharVision Advisers LLC purchased a new stake in shares of Vimeo, Inc. (NASDAQ:VMEO) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 30,793 shares of the company’s stock, valued at approximately $197,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMEO. Sterling Capital Management LLC boosted its position in shares of Vimeo by 780.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,578 shares of the company’s stock valued at $29,000 after buying an additional 4,058 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Vimeo during the 4th quarter valued at $30,000. Allworth Financial LP boosted its holdings in Vimeo by 5,662.8% during the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock worth $31,000 after acquiring an additional 4,870 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Vimeo in the 4th quarter worth $36,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Vimeo by 919.9% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,231 shares of the company’s stock worth $46,000 after acquiring an additional 6,522 shares in the last quarter. 84.97% of the stock is owned by institutional investors.

Vimeo Price Performance

NASDAQ VMEO opened at $4.36 on Friday. The business’s fifty day moving average is $4.96 and its 200-day moving average is $5.92. The stock has a market capitalization of $718.75 million, a price-to-earnings ratio of 27.25 and a beta of 2.17. Vimeo, Inc. has a one year low of $3.45 and a one year high of $7.90.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The business had revenue of $103.03 million for the quarter, compared to analyst estimates of $101.57 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Research analysts expect that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

Analyst Ratings Changes

VMEO has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of Vimeo from $7.00 to $5.40 and set a “hold” rating on the stock in a research report on Monday, April 7th. Piper Sandler set a $8.00 price objective on shares of Vimeo and gave the company an “overweight” rating in a research note on Tuesday, May 6th.

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.