Arrowstreet Capital Limited Partnership boosted its stake in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,653,453 shares of the company's stock after buying an additional 513,178 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.60% of Vimeo worth $16,982,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in shares of Vimeo during the fourth quarter valued at $30,000. Allworth Financial LP grew its holdings in Vimeo by 5,662.8% during the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company's stock worth $31,000 after acquiring an additional 4,870 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in Vimeo during the 4th quarter valued at about $36,000. EP Wealth Advisors LLC bought a new stake in shares of Vimeo in the 3rd quarter valued at about $51,000. Finally, Xponance Inc. purchased a new stake in shares of Vimeo in the 4th quarter worth approximately $67,000. 84.97% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Jefferies Financial Group cut their price objective on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a report on Monday. Piper Sandler upgraded Vimeo from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $7.00 to $10.00 in a report on Tuesday, December 10th.
Get Our Latest Analysis on VMEO
Vimeo Stock Up 9.7 %
Shares of NASDAQ VMEO traded up $0.45 during trading hours on Wednesday, hitting $5.08. 2,017,353 shares of the stock were exchanged, compared to its average volume of 1,548,139. The company has a market cap of $837.45 million, a PE ratio of 31.75 and a beta of 2.17. Vimeo, Inc. has a 12 month low of $3.43 and a 12 month high of $7.90. The firm has a fifty day moving average price of $5.71 and a 200-day moving average price of $5.96.
Vimeo (NASDAQ:VMEO - Get Free Report) last issued 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 firm had revenue of $103.16 million during the quarter, compared to analyst estimates of $100.60 million. As a group, equities analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.
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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