Vimeo, Inc. (NASDAQ:VMEO) Stock Position Cut by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its stake in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 15.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 742,995 shares of the company's stock after selling 134,235 shares during the quarter. Alliancebernstein L.P. owned about 0.45% of Vimeo worth $4,755,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Vimeo by 18.1% during the third quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company's stock valued at $1,638,000 after buying an additional 49,699 shares in the last quarter. Barclays PLC boosted its position in shares of Vimeo by 203.9% during the 3rd quarter. Barclays PLC now owns 240,655 shares of the company's stock valued at $1,215,000 after purchasing an additional 161,469 shares in the last quarter. Truist Financial Corp acquired a new position in shares of Vimeo in the 4th quarter worth approximately $74,000. HighTower Advisors LLC raised its holdings in shares of Vimeo by 66.0% in the 3rd quarter. HighTower Advisors LLC now owns 79,952 shares of the company's stock worth $403,000 after purchasing an additional 31,800 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Vimeo by 2.9% during the third quarter. Franklin Resources Inc. now owns 145,603 shares of the company's stock valued at $702,000 after purchasing an additional 4,134 shares during the last quarter. 84.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group decreased their price target on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research report on Monday, April 7th.

Remove Ads

Vimeo Trading Down 1.4 %

NASDAQ VMEO opened at $4.81 on Monday. Vimeo, Inc. has a 1 year low of $3.43 and a 1 year high of $7.90. The company has a market cap of $792.94 million, a PE ratio of 30.06 and a beta of 2.17. The stock's 50-day moving average price is $5.63 and its two-hundred day moving average price is $5.96.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The business had revenue of $103.16 million for the quarter, compared to analyst estimates of $100.60 million. Research analysts forecast that Vimeo, Inc. will post 0.16 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.