River Global Investors LLP Has $1.37 Million Stake in Vimeo, Inc. (NASDAQ:VMEO)

River Global Investors LLP trimmed its stake in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 41.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 214,413 shares of the company's stock after selling 153,556 shares during the quarter. River Global Investors LLP owned approximately 0.13% of Vimeo worth $1,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VMEO. CWA Asset Management Group LLC purchased a new stake in Vimeo during the third quarter valued at about $391,000. Covestor Ltd boosted its position in shares of Vimeo by 115.3% in the third quarter. Covestor Ltd now owns 28,298 shares of the company's stock worth $143,000 after buying an additional 15,157 shares during the period. Versor Investments LP acquired a new stake in Vimeo during the 3rd quarter worth about $166,000. GSA Capital Partners LLP grew its stake in Vimeo by 134.9% during the 3rd quarter. GSA Capital Partners LLP now owns 162,488 shares of the company's stock valued at $821,000 after acquiring an additional 93,303 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Vimeo by 51.7% in the 3rd quarter. Royce & Associates LP now owns 613,061 shares of the company's stock valued at $3,096,000 after purchasing an additional 209,033 shares during the period. 84.97% of the stock is owned by institutional investors and hedge funds.

Vimeo Stock Performance

Shares of NASDAQ:VMEO traded down $0.06 during midday trading on Wednesday, hitting $5.38. 1,110,691 shares of the stock were exchanged, compared to its average volume of 1,909,979. The company has a market capitalization of $886.90 million, a PE ratio of 33.63 and a beta of 2.22. Vimeo, Inc. has a 52-week low of $3.43 and a 52-week high of $7.90. The business's fifty day simple moving average is $6.27 and its two-hundred day simple moving average is $5.96.

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

Analysts Set New Price Targets

Separately, Piper Sandler upgraded shares of Vimeo from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $7.00 to $10.00 in a report on Tuesday, December 10th.

Vimeo 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.