Connor Clark & Lunn Investment Management Ltd. raised its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 44.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 259,182 shares of the company's stock after purchasing an additional 79,537 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.16% of Vimeo worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Vimeo during the 4th quarter worth approximately $30,000. Allworth Financial LP boosted its stake in shares of Vimeo by 5,662.8% during the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company's stock worth $31,000 after acquiring an additional 4,870 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Vimeo during the 4th quarter worth approximately $36,000. EP Wealth Advisors LLC purchased a new stake in shares of Vimeo during the 3rd quarter worth approximately $51,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Vimeo during the 4th quarter worth approximately $72,000. Hedge funds and other institutional investors own 84.97% of the company's stock.
Vimeo Stock Down 0.9 %
Shares of Vimeo stock traded down $0.05 during trading on Friday, hitting $5.47. 2,690,362 shares of the company were exchanged, compared to its average volume of 1,740,659. Vimeo, Inc. has a fifty-two week low of $3.43 and a fifty-two week high of $7.90. The stock has a market capitalization of $901.74 million, a price-to-earnings ratio of 34.19 and a beta of 2.22. The firm has a 50 day moving average price of $6.10 and a 200 day moving average price of $5.96.
Vimeo (NASDAQ:VMEO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The firm had revenue of $103.16 million during the quarter, compared to the consensus estimate of $100.60 million. Analysts predict that Vimeo, Inc. will post 0.16 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler raised Vimeo from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $7.00 to $10.00 in a research note on Tuesday, December 10th.
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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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