5 Stocks Under $5 With High Potential

2. Vimeo, Inc. (NASDAQ:VMEO)

Share Price as of December 14: $3.95

Number of Hedge Fund Holders: 28

Vimeo, Inc. (NASDAQ:VMEO) operates a leading video experience platform allowing users to create, collaborate, share and communicate with videos. The platform boasts nearly 300 million users including more than 1.5 million paid subscribers spread across more than 190 countries worldwide.

On November 6, Vimeo, Inc. (NASDAQ:VMEO) released its financial results for Q3 2023. Its revenue declined by 2% y-o-y to $106 million, while it reported a net income of $8.5 million, compared to a net loss of $21.4 million. It generated a normalized EPS of $0.09 which surpassed the consensus estimates by $0.08.

According to Insider Monkey data on 910 hedge funds, 28 hedge funds held shares of Vimeo, Inc. (NASDAQ:VMEO), valued at $114 million, as of Q3 2023. The largest shareholder was Joshua Kushner’s Thrive Capital holding 5.9 million shares valued at $21 million.