5 Best Penny Stocks To Buy Now

2. Vimeo, Inc. (NASDAQ:VMEO)

Number of Hedge Fund Holders: 32

Video platform company Vimeo, Inc. (NASDAQ:VMEO) in Q1 earned $0.00 on a GAAP basis, surpassing estimates by $0.14. Revenue in the period came in at $103.6 million, beating estimates by $1.5 million.

A total of 32 hedge funds in Insider Monkey’s database of hedge funds had stakes in Vimeo, Inc. (NASDAQ:VMEO) as of the end of the first quarter. The most notable hedge fund stakeholder of Vimeo, Inc. (NASDAQ:VMEO) was Southeastern Asset Management of Mason Hawkins with a $24 million stake in the company.

Longleaf Partners Small-Cap Fund made the following comment about Vimeo, Inc. (NASDAQ:VMEO) in its Q4 2022 investor letter:

“Vimeo, Inc. (NASDAQ:VMEO) and Oscar – Digital software company Vimeo and US health insurance and software platform Oscar Health were both unduly punished this year alongside most tech-related businesses. We were too early at both companies, and our partners have not yet gone on offense to the degree we initially expected. Oscar grew too much, while Vimeo didn’t grow enough. Both still have key differentiating factors and the ability to control their own destiny, but we have been hesitant to take them back to full positions as our initial thesis has yet to play out. We are engaged with management teams at both companies to encourage proactive steps to close the value gap.”