Walleye Capital LLC Acquires Shares of 129,141 Vimeo, Inc. (NASDAQ:VMEO)

Walleye Capital LLC purchased a new stake in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 129,141 shares of the company's stock, valued at approximately $827,000. Walleye Capital LLC owned about 0.08% of Vimeo at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Vimeo by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 17,432,831 shares of the company's stock valued at $111,570,000 after purchasing an additional 134,171 shares during the last quarter. Renaissance Technologies LLC increased its stake in Vimeo by 6.8% in the fourth quarter. Renaissance Technologies LLC now owns 6,590,500 shares of the company's stock valued at $42,179,000 after acquiring an additional 419,700 shares during the last quarter. Geode Capital Management LLC raised its position in Vimeo by 5.0% during the third quarter. Geode Capital Management LLC now owns 3,770,805 shares of the company's stock valued at $19,046,000 after purchasing an additional 181,137 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Vimeo by 24.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,653,453 shares of the company's stock worth $16,982,000 after purchasing an additional 513,178 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Vimeo by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,268,020 shares of the company's stock worth $8,115,000 after purchasing an additional 9,135 shares in the last quarter. Hedge funds and other institutional investors own 84.97% of the company's stock.

Vimeo Price Performance

Vimeo stock traded up $0.06 during mid-day trading on Friday, hitting $5.20. The company's stock had a trading volume of 1,081,971 shares, compared to its average volume of 1,535,981. The business has a 50 day moving average price of $5.32 and a 200-day moving average price of $5.94. Vimeo, Inc. has a 12 month low of $3.43 and a 12 month high of $7.90. The stock has a market cap of $857.23 million, a price-to-earnings ratio of 32.50 and a beta of 2.17.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The company had revenue of $103.16 million during the quarter, compared to analyst estimates of $100.60 million. On average, equities research analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group dropped their target price on Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a research report on Monday, April 7th.

About Vimeo

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.