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Centiva Capital LP Decreases Stake in Vimeo, Inc. (NASDAQ:VMEO)

Vimeo logo with Business Services background

Centiva Capital LP lessened its stake in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 65.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,505 shares of the company's stock after selling 76,657 shares during the quarter. Centiva Capital LP's holdings in Vimeo were worth $205,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its holdings in Vimeo by 2.5% in the second quarter. Hsbc Holdings PLC now owns 89,527 shares of the company's stock valued at $336,000 after acquiring an additional 2,180 shares during the period. Quintet Private Bank Europe S.A. increased its position in shares of Vimeo by 18.1% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company's stock valued at $101,000 after purchasing an additional 3,063 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Vimeo by 6.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 59,045 shares of the company's stock worth $298,000 after purchasing an additional 3,327 shares during the period. Algert Global LLC boosted its holdings in shares of Vimeo by 3.5% in the third quarter. Algert Global LLC now owns 100,110 shares of the company's stock worth $506,000 after buying an additional 3,352 shares during the last quarter. Finally, Connors Investor Services Inc. grew its position in Vimeo by 16.0% during the second quarter. Connors Investor Services Inc. now owns 29,000 shares of the company's stock valued at $108,000 after buying an additional 4,000 shares during the period. 84.97% of the stock is currently owned by institutional investors.

Vimeo Stock Down 4.2 %

NASDAQ:VMEO traded down $0.30 during trading hours on Friday, hitting $6.84. 1,365,408 shares of the stock traded hands, compared to its average volume of 1,923,197. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 34.20 and a beta of 2.23. Vimeo, Inc. has a 1 year low of $3.43 and a 1 year high of $7.90. The stock has a 50 day moving average price of $5.97 and a 200 day moving average price of $4.93.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. Vimeo had a net margin of 8.08% and a return on equity of 8.56%. The company had revenue of $104.56 million for the quarter, compared to analysts' expectations of $99.48 million. During the same quarter in the previous year, the company earned $0.05 EPS. Vimeo's revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts forecast that Vimeo, Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Truist Financial increased their price target on shares of Vimeo from $7.00 to $9.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Piper Sandler raised Vimeo from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $7.00 to $10.00 in a report on Tuesday. Finally, TD Cowen lifted their target price on Vimeo from $6.00 to $7.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th.

Check Out Our Latest Analysis on Vimeo

Vimeo Company Profile

(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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Institutional Ownership by Quarter for Vimeo (NASDAQ:VMEO)

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