CWA Asset Management Group LLC Buys New Stake in Vimeo, Inc. (NASDAQ:VMEO)

CWA Asset Management Group LLC purchased a new position in shares of Vimeo, Inc. (NASDAQ:VMEO) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 77,418 shares of the company’s stock, valued at approximately $391,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quintet Private Bank Europe S.A. increased its position in Vimeo by 18.1% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company’s stock worth $101,000 after purchasing an additional 3,063 shares during the period. Pinnacle Associates Ltd. grew its position in shares of Vimeo by 1.0% in the third quarter. Pinnacle Associates Ltd. now owns 716,618 shares of the company’s stock valued at $3,619,000 after purchasing an additional 6,967 shares during the period. Bleakley Financial Group LLC grew its holdings in Vimeo by 6.0% in the third quarter. Bleakley Financial Group LLC now owns 59,045 shares of the company’s stock valued at $298,000 after purchasing an additional 3,327 shares during the period. Hutchens & Kramer Investment Management Group LLC purchased a new position in shares of Vimeo in the 3rd quarter worth $54,000. Finally, SG Americas Securities LLC acquired a new position in Vimeo during the third quarter valued at approximately $235,000. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Vimeo Price Performance

VMEO stock opened at $7.14 on Tuesday. The firm has a market cap of $1.18 billion, a PE ratio of 35.70 and a beta of 2.08. The firm has a 50 day simple moving average of $5.17 and a 200 day simple moving average of $4.45. Vimeo, Inc. has a 12 month low of $3.43 and a 12 month high of $7.28.

Vimeo (NASDAQ:VMEO) last posted its quarterly 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. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. The firm had revenue of $104.56 million for the quarter, compared to analyst estimates of $99.48 million. During the same period in the previous year, the firm earned $0.05 earnings per share. Vimeo’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Vimeo, Inc. will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VMEO has been the topic of a number of recent research reports. TD Cowen boosted their target price on shares of Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating 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 stock a “buy” rating in a report on Tuesday, November 5th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $7.00 price target (up previously from $5.00) on shares of Vimeo in a report on Tuesday, November 5th.

Vimeo Company 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.