Apollon Wealth Management LLC Makes New $72,000 Investment in Vimeo, Inc. (NASDAQ:VMEO)

Apollon Wealth Management LLC purchased a new position in shares of Vimeo, Inc. (NASDAQ:VMEO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,243 shares of the company’s stock, valued at approximately $72,000.

Several other institutional investors have also recently modified their holdings of the company. EP Wealth Advisors LLC bought a new stake in Vimeo in the 3rd quarter worth approximately $51,000. Quintet Private Bank Europe S.A. lifted its holdings in shares of Vimeo by 18.1% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company’s stock worth $101,000 after acquiring an additional 3,063 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in shares of Vimeo in the 4th quarter worth approximately $128,000. Point72 DIFC Ltd bought a new position in shares of Vimeo during the 3rd quarter valued at $141,000. Finally, Covestor Ltd grew its holdings in shares of Vimeo by 115.3% during the 3rd quarter. Covestor Ltd now owns 28,298 shares of the company’s stock valued at $143,000 after purchasing an additional 15,157 shares during the last quarter. 84.97% of the stock is currently owned by institutional investors.

Vimeo Stock Up 0.6 %

Shares of Vimeo stock opened at $6.67 on Friday. The firm has a market cap of $1.11 billion, a PE ratio of 33.35 and a beta of 2.21. The company’s fifty day simple moving average is $6.62 and its two-hundred day simple moving average is $5.81. Vimeo, Inc. has a 12-month low of $3.43 and a 12-month high of $7.90.

Analysts Set New Price Targets

Several research firms have weighed in on VMEO. Piper Sandler raised shares of Vimeo from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $7.00 to $10.00 in a research note on Tuesday, December 10th. Truist Financial boosted their target price on Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, TD Cowen raised their price target on Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a research 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.