Barclays PLC Boosts Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Barclays PLC increased its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 203.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,655 shares of the company's stock after acquiring an additional 161,469 shares during the period. Barclays PLC owned about 0.15% of Vimeo worth $1,215,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in VMEO. Bank of New York Mellon Corp lifted its stake in Vimeo by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 638,944 shares of the company's stock valued at $2,383,000 after acquiring an additional 34,316 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Vimeo by 6.8% during the second quarter. Principal Financial Group Inc. now owns 79,941 shares of the company's stock worth $298,000 after purchasing an additional 5,107 shares during the last quarter. Victory Capital Management Inc. grew its position in Vimeo by 84.0% in the 2nd quarter. Victory Capital Management Inc. now owns 55,737 shares of the company's stock worth $208,000 after purchasing an additional 25,443 shares in the last quarter. Acadian Asset Management LLC increased its stake in Vimeo by 3.8% in the 2nd quarter. Acadian Asset Management LLC now owns 1,880,837 shares of the company's stock valued at $7,013,000 after buying an additional 68,195 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Vimeo during the 2nd quarter worth approximately $42,000. Institutional investors own 84.97% of the company's stock.

Vimeo Trading Down 2.0 %

Shares of NASDAQ:VMEO traded down $0.13 during mid-day trading on Monday, reaching $6.53. The company had a trading volume of 1,427,622 shares, compared to its average volume of 1,910,632. Vimeo, Inc. has a one year low of $3.43 and a one year high of $7.90. The company's 50-day moving average price is $6.35 and its 200-day moving average price is $5.14. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 32.65 and a beta of 2.23.

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

Analyst Ratings Changes

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

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.