American Century Companies Inc. bought a new position in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 117,914 shares of the company's stock, valued at approximately $755,000. American Century Companies Inc. owned 0.07% of Vimeo at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Vimeo during the 4th quarter valued at $30,000. Allworth Financial LP raised its stake in Vimeo by 5,662.8% in the fourth quarter. Allworth Financial LP now owns 4,956 shares of the company's stock worth $31,000 after buying an additional 4,870 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in Vimeo in the fourth quarter worth about $36,000. EP Wealth Advisors LLC bought a new stake in Vimeo during the 3rd quarter valued at approximately $51,000. Finally, Xponance Inc. purchased a new position in shares of Vimeo during the 4th quarter worth approximately $67,000. 84.97% of the stock is owned by hedge funds and other institutional investors.
Vimeo Trading Down 2.3 %
Vimeo stock traded down $0.11 during mid-day trading on Tuesday, hitting $4.75. The company had a trading volume of 1,604,412 shares, compared to its average volume of 1,544,286. Vimeo, Inc. has a 12 month low of $3.43 and a 12 month high of $7.90. The company has a market capitalization of $783.05 million, a PE ratio of 29.69 and a beta of 2.17. The stock's 50 day moving average price is $5.59 and its two-hundred day moving average price is $5.96.
Vimeo (NASDAQ:VMEO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $103.16 million during the quarter, compared to the consensus estimate of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. Equities research analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current year.
Analysts Set New Price Targets
Separately, Jefferies Financial Group reduced their price target on Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research note on Monday, April 7th.
View Our Latest Stock Analysis on Vimeo
About Vimeo
(
Free Report)
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.
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