Harvest Fund Management Co. Ltd Buys Shares of 61,868 Vimeo, Inc. (NASDAQ:VMEO)

Harvest Fund Management Co. Ltd bought a new stake in shares of Vimeo, Inc. (NASDAQ:VMEO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 61,868 shares of the company’s stock, valued at approximately $396,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Vimeo during the 4th quarter valued at $30,000. Allworth Financial LP raised its holdings in Vimeo by 5,662.8% during the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock valued at $31,000 after acquiring an additional 4,870 shares during the period. Wealthfront Advisers LLC bought a new stake in Vimeo during the 4th quarter valued at $36,000. EP Wealth Advisors LLC bought a new stake in Vimeo during the 3rd quarter valued at $51,000. Finally, Xponance Inc. bought a new stake in Vimeo during the 4th quarter valued at $67,000. Institutional investors own 84.97% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised 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 report on Tuesday, December 10th.

Vimeo Stock Performance

Vimeo stock opened at $5.47 on Friday. The stock has a market cap of $901.74 million, a P/E ratio of 34.19 and a beta of 2.22. Vimeo, Inc. has a fifty-two week low of $3.43 and a fifty-two week high of $7.90. The firm’s fifty day moving average price is $6.10 and its 200-day moving average price is $5.96.

Vimeo (NASDAQ:VMEO) last released 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. The firm had revenue of $103.16 million for the quarter, compared to analysts’ expectations of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. Sell-side analysts predict that Vimeo, Inc. will post 0.16 earnings per share for the current year.

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.