Hillsdale Investment Management Inc. Boosts Stake in Vimeo, Inc. (NASDAQ:VMEO)

Hillsdale Investment Management Inc. lifted its position in Vimeo, Inc. (NASDAQ:VMEO) by 5.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 799,100 shares of the company’s stock after buying an additional 44,400 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Vimeo were worth $5,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Vimeo in the 4th quarter valued at $30,000. Allworth Financial LP raised 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. Wealthfront Advisers LLC purchased a new stake in shares of Vimeo in the 4th quarter valued at $36,000. EP Wealth Advisors LLC purchased a new stake in shares of Vimeo in the 3rd quarter valued at $51,000. Finally, Xponance Inc. purchased a new stake in shares of Vimeo in the 4th quarter valued at $67,000. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Vimeo Price Performance

Shares of NASDAQ VMEO opened at $5.47 on Friday. The stock’s 50-day moving average is $6.10 and its two-hundred day moving average is $5.96. Vimeo, Inc. has a 1-year low of $3.43 and a 1-year high of $7.90. The company has a market cap of $901.74 million, a price-to-earnings ratio of 34.19 and a beta of 2.22.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $100.60 million. Equities research analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, 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 report on Tuesday, December 10th.

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.