Vanguard Group Inc. lifted its position in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,432,831 shares of the company's stock after buying an additional 134,171 shares during the quarter. Vanguard Group Inc. owned approximately 10.51% of Vimeo worth $111,570,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Vimeo in the 4th quarter valued at $30,000. Allworth Financial LP boosted its stake in Vimeo by 5,662.8% in the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company's stock worth $31,000 after buying an additional 4,870 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in Vimeo in the 4th quarter valued at about $36,000. EP Wealth Advisors LLC acquired a new position in shares of Vimeo during the 3rd quarter valued at about $51,000. Finally, Xponance Inc. acquired a new stake in shares of Vimeo in the fourth quarter worth approximately $67,000. Institutional investors and hedge funds own 84.97% of the company's stock.
Vimeo Stock Down 1.4 %
Shares of VMEO stock traded down $0.07 during mid-day trading on Friday, reaching $4.81. The company's stock had a trading volume of 1,007,213 shares, compared to its average volume of 1,538,803. The firm has a market capitalization of $792.94 million, a PE ratio of 30.06 and a beta of 2.17. The company's 50 day simple moving average is $5.63 and its 200-day simple moving average is $5.96. Vimeo, Inc. has a 12-month low of $3.43 and a 12-month high of $7.90.
Vimeo (NASDAQ:VMEO - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The company had revenue of $103.16 million for the quarter, compared to analyst estimates of $100.60 million. As a group, research analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group cut their price target on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research note on Monday, April 7th.
Check Out Our Latest Stock Analysis on VMEO
About Vimeo
(
Free Report)
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.
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