Vimeo, Inc. (NASDAQ:VMEO) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 203.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 240,655 shares of the company's stock after acquiring an additional 161,469 shares during the period. Barclays PLC owned 0.15% of Vimeo worth $1,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its holdings in Vimeo by 65.1% in the third quarter. FMR LLC now owns 1,392,457 shares of the company's stock valued at $7,032,000 after purchasing an additional 548,812 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in Vimeo in the third quarter valued at $391,000. Divisar Capital Management LLC boosted its holdings in Vimeo by 10.5% in the second quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company's stock valued at $31,291,000 after purchasing an additional 800,000 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Vimeo by 14.8% in the second quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company's stock valued at $23,470,000 after purchasing an additional 808,954 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Vimeo by 66.0% in the third quarter. HighTower Advisors LLC now owns 79,952 shares of the company's stock valued at $403,000 after purchasing an additional 31,800 shares during the last quarter. 84.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Vimeo Price Performance

Vimeo stock traded up $0.12 during midday trading on Tuesday, reaching $6.22. The company had a trading volume of 444,767 shares, compared to its average volume of 1,247,572. The company has a market capitalization of $1.03 billion, a P/E ratio of 31.10 and a beta of 2.20. Vimeo, Inc. has a 12-month low of $3.43 and a 12-month high of $7.90. The firm's fifty day simple moving average is $6.70 and its 200-day simple moving average is $5.35.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. The company had revenue of $104.56 million during the quarter, compared to the consensus estimate of $99.48 million. Vimeo had a net margin of 8.08% and a return on equity of 8.56%. Vimeo's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. On average, analysts expect that Vimeo, Inc. will post 0.18 EPS for the current fiscal year.

About Vimeo

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.