Wealthfront Advisers LLC Buys Shares of 5,671 Vimeo, Inc. (NASDAQ:VMEO)

Wealthfront Advisers LLC bought a new stake in shares of Vimeo, Inc. (NASDAQ:VMEO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,671 shares of the company’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Algert Global LLC boosted its position in shares of Vimeo by 3.5% in the third quarter. Algert Global LLC now owns 100,110 shares of the company’s stock worth $506,000 after purchasing an additional 3,352 shares during the period. Principal Financial Group Inc. boosted its position in shares of Vimeo by 6.5% in the fourth quarter. Principal Financial Group Inc. now owns 62,105 shares of the company’s stock worth $397,000 after purchasing an additional 3,793 shares during the period. Franklin Resources Inc. boosted its position in shares of Vimeo by 2.9% in the third quarter. Franklin Resources Inc. now owns 145,603 shares of the company’s stock worth $702,000 after purchasing an additional 4,134 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Vimeo in the fourth quarter worth approximately $30,000. Finally, Allworth Financial LP boosted its position in shares of Vimeo by 5,662.8% in the fourth quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock worth $31,000 after purchasing an additional 4,870 shares during the period. 84.97% of the stock is owned by hedge funds and other institutional investors.

Vimeo Stock Performance

Shares of NASDAQ:VMEO opened at $5.33 on Wednesday. The firm has a fifty day moving average price of $6.15 and a 200 day moving average price of $5.96. Vimeo, Inc. has a fifty-two week low of $3.43 and a fifty-two week high of $7.90. The firm has a market cap of $878.66 million, a price-to-earnings ratio of 33.31 and a beta of 2.22.

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

Wall Street Analysts Forecast Growth

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

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.