Vimeo, Inc. (NASDAQ:VMEO) Stock Holdings Lifted by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 96.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,190 shares of the company's stock after purchasing an additional 44,657 shares during the period. SG Americas Securities LLC owned 0.05% of Vimeo worth $584,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in Vimeo by 18.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company's stock worth $1,638,000 after purchasing an additional 49,699 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Vimeo by 2.9% during the third quarter. Franklin Resources Inc. now owns 145,603 shares of the company's stock worth $702,000 after buying an additional 4,134 shares during the period. Barclays PLC grew its holdings in Vimeo by 203.9% in the 3rd quarter. Barclays PLC now owns 240,655 shares of the company's stock worth $1,215,000 after buying an additional 161,469 shares in the last quarter. Geode Capital Management LLC increased its position in Vimeo by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,770,805 shares of the company's stock valued at $19,046,000 after acquiring an additional 181,137 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in Vimeo during the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 84.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VMEO. Piper Sandler raised Vimeo from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $7.00 to $10.00 in a research note on Tuesday, December 10th. TD Cowen raised their target price on shares of Vimeo from $6.00 to $7.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. Finally, Truist Financial boosted their price target on shares of Vimeo from $7.00 to $9.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th.

Vimeo Stock Performance

Shares of VMEO stock traded up $0.29 during mid-day trading on Tuesday, hitting $6.93. 957,386 shares of the stock traded hands, compared to its average volume of 1,234,077. Vimeo, Inc. has a twelve month low of $3.43 and a twelve month high of $7.90. The company's 50-day simple moving average is $6.64 and its 200-day simple moving average is $5.67. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 34.65 and a beta of 2.21.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. The firm had revenue of $104.56 million for the quarter, compared to analyst estimates of $99.48 million. During the same period in the previous year, the company earned $0.05 earnings per share. Vimeo's revenue was down 1.6% compared to the same quarter last year. Analysts forecast that Vimeo, Inc. will post 0.18 earnings per share for the current year.

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.