11,986 Shares in Vimeo, Inc. (NASDAQ:VMEO) Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC acquired a new stake in Vimeo, Inc. (NASDAQ:VMEO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,986 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Vimeo by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 15,259,338 shares of the company’s stock worth $54,018,000 after purchasing an additional 483,443 shares during the last quarter. BlackRock Inc. increased its stake in Vimeo by 13.4% during the 3rd quarter. BlackRock Inc. now owns 11,580,657 shares of the company’s stock worth $46,321,000 after buying an additional 1,372,298 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Vimeo by 14.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 10,964,620 shares of the company’s stock valued at $66,007,000 after acquiring an additional 1,364,656 shares during the last quarter. State Street Corp lifted its position in shares of Vimeo by 26.7% in the second quarter. State Street Corp now owns 5,320,137 shares of the company’s stock valued at $21,919,000 after acquiring an additional 1,120,508 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Vimeo by 31.7% in the fourth quarter. Morgan Stanley now owns 3,515,190 shares of the company’s stock worth $12,057,000 after acquiring an additional 845,520 shares during the last quarter. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

Vimeo Trading Up 0.9 %

VMEO opened at $3.55 on Friday. Vimeo, Inc. has a twelve month low of $3.02 and a twelve month high of $5.77. The firm has a market capitalization of $596.54 million, a PE ratio of 27.31 and a beta of 2.04. The firm’s 50-day moving average price is $4.36 and its 200 day moving average price is $3.89.

Vimeo (NASDAQ:VMEO) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. The firm had revenue of $105.54 million for the quarter, compared to analyst estimates of $102.37 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “hold” rating and issued a $4.00 price objective (down previously from $7.00) on shares of Vimeo in a report on Friday, January 5th.

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.