Massachusetts Financial Services Co. MA bought a new stake in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 72,930 shares of the company's stock, valued at approximately $467,000.
A number of other institutional investors and hedge funds have also made changes to their positions in VMEO. Trexquant Investment LP bought a new position in Vimeo in the 4th quarter valued at approximately $2,368,000. Headlands Technologies LLC bought a new position in shares of Vimeo during the fourth quarter valued at $353,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Vimeo by 24.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,653,453 shares of the company's stock valued at $16,982,000 after buying an additional 513,178 shares during the last quarter. Norges Bank bought a new stake in Vimeo in the 4th quarter worth about $3,640,000. Finally, JPMorgan Chase & Co. raised its position in Vimeo by 85.1% in the 4th quarter. JPMorgan Chase & Co. now owns 600,387 shares of the company's stock worth $3,842,000 after buying an additional 275,967 shares during the last quarter. Institutional investors own 84.97% of the company's stock.
Vimeo Price Performance
Shares of VMEO traded down $0.08 during trading hours on Tuesday, hitting $4.79. The stock had a trading volume of 246,070 shares, compared to its average volume of 1,538,985. Vimeo, Inc. has a 12 month low of $3.43 and a 12 month high of $7.90. The stock has a fifty day moving average price of $5.59 and a 200 day moving average price of $5.96. The firm has a market capitalization of $788.82 million, a PE ratio of 29.91 and a beta of 2.17.
Vimeo (NASDAQ:VMEO - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $103.16 million during the quarter, compared to analyst estimates of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. As a group, analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Jefferies Financial Group reduced their price target on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a research note on Monday, April 7th.
Read Our Latest Analysis on VMEO
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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