Counterpoint Mutual Funds LLC Buys 62,135 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Counterpoint Mutual Funds LLC grew its stake in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 132.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,060 shares of the company's stock after buying an additional 62,135 shares during the period. Counterpoint Mutual Funds LLC owned approximately 0.07% of Vimeo worth $698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Algert Global LLC increased its position in shares of Vimeo by 3.5% in the 3rd quarter. Algert Global LLC now owns 100,110 shares of the company's stock valued at $506,000 after buying an additional 3,352 shares in the last quarter. Principal Financial Group Inc. grew its stake in Vimeo by 6.5% in the fourth quarter. Principal Financial Group Inc. now owns 62,105 shares of the company's stock valued at $397,000 after acquiring an additional 3,793 shares during the period. Franklin Resources Inc. increased its holdings in shares of Vimeo by 2.9% in the third quarter. Franklin Resources Inc. now owns 145,603 shares of the company's stock worth $702,000 after acquiring an additional 4,134 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Vimeo during the fourth quarter worth about $30,000. Finally, Allworth Financial LP grew its position in shares of Vimeo by 5,662.8% in the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company's stock valued at $31,000 after purchasing an additional 4,870 shares during the period. 84.97% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Separately, Piper Sandler upgraded shares of 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, December 10th.

Vimeo Price Performance

Shares of VMEO traded down $0.05 during midday trading on Friday, hitting $5.47. The stock had a trading volume of 2,690,362 shares, compared to its average volume of 1,765,418. The firm has a market cap of $901.74 million, a price-to-earnings ratio of 34.19 and a beta of 2.22. The company has a 50 day simple moving average of $6.11 and a two-hundred day simple moving average of $5.96. Vimeo, Inc. has a twelve month low of $3.43 and a twelve month high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) 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 business had revenue of $103.16 million for the quarter, compared to analyst estimates of $100.60 million. Analysts forecast that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

Vimeo Company Profile

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.