Wesbanco Bank Inc. Takes $128,000 Position in Vimeo, Inc. (NASDAQ:VMEO)

Wesbanco Bank Inc. bought a new stake in shares of Vimeo, Inc. (NASDAQ:VMEO) during the fourth quarter, HoldingsChannel.com reports. The fund bought 20,000 shares of the company’s stock, valued at approximately $128,000.

A number of other hedge funds have also recently modified their holdings of VMEO. Dimensional Fund Advisors LP grew its stake in shares of Vimeo by 27.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,612,973 shares of the company’s stock valued at $17,207,000 after buying an additional 987,923 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of Vimeo during the second quarter valued at approximately $41,000. Hsbc Holdings PLC grew its stake in shares of Vimeo by 2.5% during the second quarter. Hsbc Holdings PLC now owns 89,527 shares of the company’s stock valued at $336,000 after buying an additional 2,180 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Vimeo by 1,715.4% during the second quarter. Canada Pension Plan Investment Board now owns 23,600 shares of the company’s stock valued at $88,000 after buying an additional 22,300 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Vimeo by 11.1% during the second quarter. AQR Capital Management LLC now owns 227,981 shares of the company’s stock valued at $850,000 after buying an additional 22,737 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Truist Financial increased their price objective on Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. TD Cowen increased their price objective on Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler raised Vimeo from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $7.00 to $10.00 in a research note on Tuesday, December 10th.

Vimeo Stock Up 2.4 %

Shares of NASDAQ:VMEO opened at $6.52 on Friday. The business’s 50 day moving average is $6.62 and its 200 day moving average is $5.49. The stock has a market cap of $1.08 billion, a P/E ratio of 32.60 and a beta of 2.20. 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 Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. The business had revenue of $104.56 million for the quarter, compared to the consensus estimate of $99.48 million. During the same period last year, the business posted $0.05 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Vimeo, Inc. will post 0.18 EPS for the current fiscal 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.