Trexquant Investment LP Invests $2.37 Million in Vimeo, Inc. (NASDAQ:VMEO)

Trexquant Investment LP bought a new stake in Vimeo, Inc. (NASDAQ:VMEO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 369,960 shares of the company's stock, valued at approximately $2,368,000. Trexquant Investment LP owned approximately 0.22% of Vimeo at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VMEO. Boston Partners grew its position in shares of Vimeo by 465.5% in the 4th quarter. Boston Partners now owns 1,194,421 shares of the company's stock valued at $7,643,000 after acquiring an additional 983,198 shares during the period. Norges Bank acquired a new stake in Vimeo in the 4th quarter valued at about $3,640,000. FMR LLC grew its holdings in Vimeo by 65.1% during the third 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 during the period. Arrowstreet Capital Limited Partnership increased its position in Vimeo by 24.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,653,453 shares of the company's stock worth $16,982,000 after buying an additional 513,178 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Vimeo by 85.1% in the fourth quarter. JPMorgan Chase & Co. now owns 600,387 shares of the company's stock valued at $3,842,000 after buying an additional 275,967 shares during the period. 84.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Vimeo Stock Down 1.4 %

Shares of VMEO traded down $0.07 during mid-day trading on Friday, hitting $4.81. 1,007,213 shares of the company's stock were exchanged, compared to its average volume of 1,539,383. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90. The stock's 50-day simple moving average is $5.63 and its 200-day simple moving average is $5.96. The firm has a market cap of $792.94 million, a price-to-earnings ratio of 30.06 and a beta of 2.17.

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