5 Best Technology Penny Stocks To Invest In Now

2. Vimeo Inc (NASDAQ:VMEO)

Number of Hedge Fund Investors: 27

Video platform company Vimeo Inc (NASDAQ:VMEO) shares remained in the limelight over the past several weeks. However, Bloomberg recently reported that Italy’s Bending Spoons SpA has given up on its efforts to acquire Vimeo Inc (NASDAQ:VMEO) after the parties failed to agree on a price.

Insider Monkey’s database shows that 27 hedge funds had stakes in Vimeo Inc (NASDAQ:VMEO).

In February Vimeo Inc (NASDAQ:VMEO) posted Q4 results. Adjusted EPS in the period came in at $0.05, beating estimates by $0.06. Revenue in the quarter inched up 0.4% year over year to $106 million, surpassing estimates by $3.63 million.