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Is Now the Time to Buy the Dip on Vimeo Stock?

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Is Now the Time to Buy the Dip on Vimeo Stock?

Although the S&P 500 has gained 18% year to date, many high-growth software and technology stocks have taken a tumble over the past few months. One of these stocks is Vimeo (NASDAQ: VMEO), a recent spinoff from the media conglomerate InterActiveCorp that sells video software solutions to individuals and businesses. Shares are down around 40% from its spinoff price in May, even after putting up another strong earnings report.

Is it time to buy the dip on Vimeo stock?

Image source: Getty Images.

Source Fool.com

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