Vimeo, Inc. (NASDAQ:VMEO) Stock Position Lifted by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 134.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,488 shares of the company's stock after purchasing an additional 93,303 shares during the period. GSA Capital Partners LLP owned about 0.10% of Vimeo worth $821,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Lynrock Lake LP raised its position in shares of Vimeo by 124.9% in the 2nd quarter. Lynrock Lake LP now owns 15,731,386 shares of the company's stock valued at $58,678,000 after purchasing an additional 8,735,044 shares in the last quarter. Divisar Capital Management LLC raised its holdings in Vimeo by 10.5% in the second quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company's stock valued at $31,291,000 after acquiring an additional 800,000 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Vimeo by 14.8% during the 2nd quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company's stock valued at $23,470,000 after acquiring an additional 808,954 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Vimeo by 27.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,612,973 shares of the company's stock worth $17,207,000 after acquiring an additional 987,923 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Vimeo by 3.8% in the 2nd quarter. Acadian Asset Management LLC now owns 1,880,837 shares of the company's stock worth $7,013,000 after purchasing an additional 68,195 shares during the last quarter. Institutional investors and hedge funds own 84.97% of the company's stock.

Vimeo Stock Performance

Shares of Vimeo stock traded down $0.07 on Friday, reaching $6.48. 1,077,886 shares of the company were exchanged, compared to its average volume of 1,995,815. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 32.40 and a beta of 2.08. Vimeo, Inc. has a 1-year low of $3.43 and a 1-year high of $7.28. The company's 50-day moving average is $5.28 and its two-hundred day moving average is $4.54.

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

Analyst Ratings Changes

VMEO has been the topic of several research analyst reports. Piper Sandler reaffirmed a "neutral" rating and set a $7.00 price target (up previously from $5.00) on shares of Vimeo in a research report on Tuesday, November 5th. TD Cowen increased their target price on Vimeo from $6.00 to $7.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Finally, Truist Financial boosted their price target on Vimeo from $7.00 to $9.00 and gave the company a "buy" rating in a report on Tuesday, November 5th.

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.