Headlands Technologies LLC Takes $353,000 Position in Vimeo, Inc. (NASDAQ:VMEO)

Headlands Technologies LLC purchased a new position in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 55,089 shares of the company's stock, valued at approximately $353,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Vimeo by 6.5% during the 4th quarter. Principal Financial Group Inc. now owns 62,105 shares of the company's stock worth $397,000 after buying an additional 3,793 shares in the last quarter. Franklin Resources Inc. boosted its stake in Vimeo by 2.9% during 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. bought a new stake in Vimeo in the fourth quarter valued at $30,000. Allworth Financial LP raised its holdings in shares of Vimeo by 5,662.8% during the fourth 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. Finally, Wealthfront Advisers LLC bought a new position in shares of Vimeo during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 84.97% of the company's stock.

Vimeo Trading Up 9.7 %

Shares of NASDAQ:VMEO traded up $0.45 during mid-day trading on Wednesday, hitting $5.08. 2,017,353 shares of the company traded hands, compared to its average volume of 1,548,139. The stock has a 50-day moving average price of $5.71 and a two-hundred day moving average price of $5.96. Vimeo, Inc. has a 12-month low of $3.43 and a 12-month high of $7.90. The stock has a market cap of $837.45 million, a P/E ratio of 31.75 and a beta of 2.17.

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Vimeo (NASDAQ:VMEO - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The company had revenue of $103.16 million for the quarter, compared to analyst estimates of $100.60 million. As a group, analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VMEO shares. Jefferies Financial Group dropped 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. Piper Sandler upgraded Vimeo from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $7.00 to $10.00 in a report on Tuesday, December 10th.

About Vimeo

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.