Norges Bank acquired a new position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 568,800 shares of the company's stock, valued at approximately $3,640,000. Norges Bank owned about 0.34% of Vimeo at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC raised its stake in shares of Vimeo by 65.1% in the third quarter. FMR LLC now owns 1,392,457 shares of the company's stock valued at $7,032,000 after acquiring an additional 548,812 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Vimeo by 2.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 284,948 shares of the company's stock worth $1,439,000 after purchasing an additional 5,772 shares during the period. Verition Fund Management LLC lifted its position in Vimeo by 199.8% during the 3rd quarter. Verition Fund Management LLC now owns 71,090 shares of the company's stock valued at $359,000 after purchasing an additional 47,378 shares during the period. HighTower Advisors LLC lifted its holdings in Vimeo by 66.0% in the third quarter. HighTower Advisors LLC now owns 79,952 shares of the company's stock valued at $403,000 after buying an additional 31,800 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Vimeo during the third quarter worth about $281,000. Institutional investors own 84.97% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group cut their target price on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a report on Monday, April 7th.
Check Out Our Latest Analysis on Vimeo
Vimeo Price Performance
NASDAQ:VMEO traded down $0.01 during trading hours on Wednesday, reaching $4.75. 150,646 shares of the stock were exchanged, compared to its average volume of 1,537,092. Vimeo, Inc. has a twelve month low of $3.43 and a twelve month high of $7.90. The stock has a market cap of $782.22 million, a PE ratio of 29.60 and a beta of 2.17. The firm has a 50 day moving average of $5.56 and a 200 day moving average of $5.95.
Vimeo (NASDAQ:VMEO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $103.16 million for the quarter, compared to analysts' expectations of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. Equities research analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current year.
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.
Further Reading
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