Bailard Inc. Invests $723,000 in Vimeo, Inc. (NASDAQ:VMEO)

Bailard Inc. bought a new position in Vimeo, Inc. (NASDAQ:VMEO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 112,900 shares of the company’s stock, valued at approximately $723,000. Bailard Inc. owned approximately 0.07% of Vimeo at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of Vimeo by 5,662.8% in the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock valued at $31,000 after buying an additional 4,870 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Vimeo in the 3rd quarter valued at about $51,000. Apollon Wealth Management LLC acquired a new position in shares of Vimeo in the 4th quarter valued at about $72,000. Truist Financial Corp acquired a new position in shares of Vimeo in the 4th quarter valued at about $74,000. Finally, Quintet Private Bank Europe S.A. boosted its holdings in shares of Vimeo by 18.1% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company’s stock valued at $101,000 after buying an additional 3,063 shares during the period. Institutional investors and hedge funds own 84.97% of the company’s stock.

Vimeo Stock Down 3.4 %

Vimeo stock opened at $5.69 on Tuesday. The firm has a 50-day moving average price of $6.41 and a two-hundred day moving average price of $5.93. The firm has a market capitalization of $938.01 million, a price-to-earnings ratio of 35.56 and a beta of 2.21. Vimeo, Inc. has a 52-week low of $3.43 and a 52-week high of $7.90.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The company had revenue of $103.16 million during the quarter, compared to analyst estimates of $100.60 million. Research analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Cowen boosted their price objective on Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Piper Sandler upgraded 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 research report on Tuesday, December 10th. Finally, Truist Financial boosted their price objective on Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th.

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.