Quadrature Capital Ltd Sells 372,440 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Quadrature Capital Ltd reduced its position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 84.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 70,385 shares of the company's stock after selling 372,440 shares during the period. Quadrature Capital Ltd's holdings in Vimeo were worth $355,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hutchens & Kramer Investment Management Group LLC acquired a new position in shares of Vimeo during the 3rd quarter worth about $54,000. DekaBank Deutsche Girozentrale acquired a new stake in Vimeo in the second quarter worth $42,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Vimeo during the second quarter worth $41,000. Nisa Investment Advisors LLC boosted its position in shares of Vimeo by 42.4% during the second quarter. Nisa Investment Advisors LLC now owns 17,318 shares of the company's stock worth $65,000 after purchasing an additional 5,160 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in Vimeo by 52.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 18,595 shares of the company's stock worth $69,000 after buying an additional 6,370 shares during the period. Institutional investors and hedge funds own 84.97% of the company's stock.

Analyst Ratings Changes

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

Vimeo Price Performance

Vimeo stock traded up $0.33 during mid-day trading on Tuesday, reaching $7.33. 2,887,787 shares of the company were exchanged, compared to its average volume of 1,916,676. The company has a fifty day simple moving average of $5.79 and a 200-day simple moving average of $4.85. The firm has a market cap of $1.22 billion, a PE ratio of 38.15 and a beta of 2.23. 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 posted its earnings results on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. Vimeo had a net margin of 8.08% and a return on equity of 8.56%. The firm had revenue of $104.56 million during the quarter, compared to analysts' expectations of $99.48 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Vimeo, Inc. will post 0.18 earnings per share for the current 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.