Harvest Fund Management Co. Ltd Takes $396,000 Position in Vimeo, Inc. (NASDAQ:VMEO)

Harvest Fund Management Co. Ltd acquired a new stake in Vimeo, Inc. (NASDAQ:VMEO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 61,868 shares of the company's stock, valued at approximately $396,000.

A number of other hedge funds have also recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in Vimeo during the 4th quarter valued at approximately $30,000. Allworth Financial LP boosted its position in shares of Vimeo by 5,662.8% during the fourth 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 purchased a new position in Vimeo during the fourth quarter valued at $36,000. EP Wealth Advisors LLC bought a new stake in Vimeo in the 3rd quarter valued at $51,000. Finally, Xponance Inc. purchased a new stake in Vimeo in the 4th quarter worth $67,000. Institutional investors own 84.97% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upgraded Vimeo from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $7.00 to $10.00 in a research report on Tuesday, December 10th.

Vimeo Stock Performance

Shares of VMEO traded down $0.17 during mid-day trading on Wednesday, hitting $5.46. 1,135,977 shares of the stock were exchanged, compared to its average volume of 1,642,688. The company has a market cap of $900.09 million, a PE ratio of 34.13 and a beta of 2.22. Vimeo, Inc. has a 52-week low of $3.43 and a 52-week high of $7.90. The firm has a 50-day moving average of $6.08 and a two-hundred day moving average of $5.97.

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Vimeo (NASDAQ:VMEO - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (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 company had revenue of $103.16 million for the quarter, compared to the consensus estimate of $100.60 million. On average, sell-side analysts predict that Vimeo, Inc. will post 0.16 EPS for the current 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.