Sei Investments Co. Buys 111,848 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Sei Investments Co. lifted its position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 24.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 572,793 shares of the company's stock after purchasing an additional 111,848 shares during the quarter. Sei Investments Co. owned about 0.35% of Vimeo worth $3,666,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Vimeo in the 4th quarter worth $30,000. Allworth Financial LP lifted its holdings in shares of Vimeo by 5,662.8% in the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company's stock valued at $31,000 after acquiring an additional 4,870 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in Vimeo in the fourth quarter worth about $36,000. EP Wealth Advisors LLC bought a new stake in Vimeo during the third quarter worth approximately $51,000. Finally, Xponance Inc. purchased a new stake in Vimeo during the fourth quarter valued at approximately $67,000. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

Vimeo Stock Performance

VMEO stock traded down $0.10 during midday trading on Tuesday, reaching $4.63. The company's stock had a trading volume of 1,849,793 shares, compared to its average volume of 1,563,808. Vimeo, Inc. has a 1 year low of $3.43 and a 1 year high of $7.90. The firm has a market capitalization of $763.26 million, a price-to-earnings ratio of 28.94 and a beta of 2.17. The stock has a fifty day simple moving average of $5.78 and a two-hundred day simple moving average of $5.97.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted 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 company had revenue of $103.16 million for the quarter, compared to the consensus estimate of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. As a group, analysts forecast that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VMEO. Piper Sandler upgraded Vimeo from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $7.00 to $10.00 in a report on Tuesday, December 10th. Jefferies Financial Group lowered their price target on Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a research report on Monday.

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.