CWA Asset Management Group LLC Takes $391,000 Position in Vimeo, Inc. (NASDAQ:VMEO)

CWA Asset Management Group LLC bought a new stake in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 77,418 shares of the company's stock, valued at approximately $391,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VMEO. Lynrock Lake LP raised its position in Vimeo by 124.9% in the second quarter. Lynrock Lake LP now owns 15,731,386 shares of the company's stock worth $58,678,000 after purchasing an additional 8,735,044 shares in the last quarter. Kent Lake Capital LLC bought a new stake in Vimeo during the first quarter worth about $5,112,000. Dimensional Fund Advisors LP boosted its position in Vimeo by 27.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,612,973 shares of the company's stock valued at $17,207,000 after buying an additional 987,923 shares in the last quarter. Renaissance Technologies LLC increased its position in Vimeo by 14.8% during the 2nd quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company's stock valued at $23,470,000 after purchasing an additional 808,954 shares during the period. Finally, Divisar Capital Management LLC boosted its holdings in Vimeo by 10.5% in the second quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company's stock worth $31,291,000 after acquiring an additional 800,000 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VMEO shares. Piper Sandler reiterated a "neutral" rating and set a $7.00 price target (up from $5.00) on shares of Vimeo in a research report on Tuesday, November 5th. Truist Financial raised their price target on Vimeo from $7.00 to $9.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, TD Cowen lifted their price objective on Vimeo from $6.00 to $7.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th.

Vimeo Stock Performance

Vimeo stock traded down $0.38 during midday trading on Tuesday, reaching $6.76. 2,281,681 shares of the company were exchanged, compared to its average volume of 1,969,667. Vimeo, Inc. has a 1 year low of $3.43 and a 1 year high of $7.28. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 35.70 and a beta of 2.08. The firm's 50-day simple moving average is $5.17 and its 200-day simple moving average is $4.45.

Vimeo (NASDAQ:VMEO - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $104.56 million during the quarter, compared to analysts' expectations of $99.48 million. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share. On average, analysts forecast that Vimeo, Inc. will post 0.14 EPS for the current fiscal year.

Vimeo 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.