Renaissance Technologies LLC Acquires 419,700 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Renaissance Technologies LLC lifted its position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,590,500 shares of the company's stock after acquiring an additional 419,700 shares during the period. Renaissance Technologies LLC owned about 3.97% of Vimeo worth $42,179,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FMR LLC grew its position in Vimeo by 65.1% during the 3rd quarter. FMR LLC now owns 1,392,457 shares of the company's stock worth $7,032,000 after purchasing an additional 548,812 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Vimeo by 18.1% in the third quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company's stock worth $1,638,000 after buying an additional 49,699 shares during the period. Barclays PLC grew its holdings in shares of Vimeo by 203.9% during the third quarter. Barclays PLC now owns 240,655 shares of the company's stock valued at $1,215,000 after buying an additional 161,469 shares in the last quarter. Truist Financial Corp acquired a new position in Vimeo during the fourth quarter valued at $74,000. Finally, HighTower Advisors LLC lifted its stake in Vimeo by 66.0% in the 3rd quarter. HighTower Advisors LLC now owns 79,952 shares of the company's stock worth $403,000 after acquiring an additional 31,800 shares in the last quarter. Institutional investors and hedge funds own 84.97% of the company's stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group lowered their target price on Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research note on Monday, April 7th.

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Vimeo Stock Down 2.2 %

Shares of Vimeo stock traded down $0.11 on Tuesday, hitting $4.76. 1,001,260 shares of the company traded hands, compared to its average volume of 1,544,277. Vimeo, Inc. has a 12-month low of $3.43 and a 12-month high of $7.90. The company has a market cap of $783.87 million, a PE ratio of 29.72 and a beta of 2.17. The company has a 50-day moving average price of $5.59 and a 200 day moving average price of $5.96.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The firm had revenue of $103.16 million for the quarter, compared to the consensus estimate of $100.60 million. Equities research analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current 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.