Counterpoint Mutual Funds LLC Increases Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

Counterpoint Mutual Funds LLC increased its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 132.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,060 shares of the company’s stock after purchasing an additional 62,135 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Vimeo were worth $698,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Vimeo in the 4th quarter worth approximately $30,000. Allworth Financial LP boosted its stake 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 worth $31,000 after buying an additional 4,870 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Vimeo in the fourth quarter worth $36,000. EP Wealth Advisors LLC purchased a new stake in Vimeo during the third quarter valued at $51,000. Finally, Apollon Wealth Management LLC bought a new position in Vimeo in the fourth quarter valued at about $72,000. Institutional investors own 84.97% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler upgraded Vimeo from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $7.00 to $10.00 in a research note on Tuesday, December 10th.

Vimeo Price Performance

Shares of Vimeo stock opened at $5.43 on Monday. Vimeo, Inc. has a 1-year low of $3.43 and a 1-year high of $7.90. The company’s fifty day simple moving average is $6.20 and its 200-day simple moving average is $5.96. The stock has a market capitalization of $895.15 million, a PE ratio of 33.94 and a beta of 2.22.

Vimeo (NASDAQ:VMEO) last released its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $103.16 million for the quarter, compared to the consensus estimate of $100.60 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. As a group, research analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current year.

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.