Goldman Sachs Group Inc. Acquires 2,360,405 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Goldman Sachs Group Inc. raised its stake in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 75.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,493,555 shares of the company's stock after acquiring an additional 2,360,405 shares during the period. Goldman Sachs Group Inc. owned approximately 3.28% of Vimeo worth $21,535,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd raised its holdings in shares of Vimeo by 3,726.9% during the 3rd quarter. Covestor Ltd now owns 9,108 shares of the company's stock worth $32,000 after buying an additional 8,870 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Vimeo during the 4th quarter worth $47,000. Qtron Investments LLC acquired a new position in shares of Vimeo during the 4th quarter worth $50,000. Victory Capital Management Inc. raised its holdings in shares of Vimeo by 22.7% during the 4th quarter. Victory Capital Management Inc. now owns 19,318 shares of the company's stock worth $76,000 after buying an additional 3,571 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of Vimeo during the 3rd quarter worth $87,000. Institutional investors and hedge funds own 84.97% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler reaffirmed a "neutral" rating and issued a $4.50 target price (up previously from $4.00) on shares of Vimeo in a report on Tuesday, May 7th.

Vimeo Trading Up 0.8 %

VMEO traded up $0.03 on Wednesday, reaching $3.65. The stock had a trading volume of 1,229,295 shares, compared to its average volume of 2,390,156. The firm has a 50-day moving average of $3.80 and a 200-day moving average of $4.01. Vimeo, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $5.77. The company has a market capitalization of $617.84 million, a price-to-earnings ratio of 21.29 and a beta of 2.04.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.05. Vimeo had a return on equity of 7.71% and a net margin of 6.88%. The firm had revenue of $104.91 million for the quarter, compared to analyst estimates of $100.40 million. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Vimeo, Inc. will post 0.04 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.