Los Angeles Capital Management LLC Has $968,000 Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Los Angeles Capital Management LLC grew its stake in shares of Vimeo, Inc. (NASDAQ:VMEOFree Report) by 83.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 273,540 shares of the company’s stock after buying an additional 124,244 shares during the period. Los Angeles Capital Management LLC owned approximately 0.16% of Vimeo worth $968,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in Vimeo by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 2,938,609 shares of the company’s stock worth $12,107,000 after purchasing an additional 105,798 shares in the last quarter. American International Group Inc. raised its stake in Vimeo by 6.1% during the second quarter. American International Group Inc. now owns 73,298 shares of the company’s stock worth $302,000 after acquiring an additional 4,197 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Vimeo by 121.1% during the 3rd quarter. Mackenzie Financial Corp now owns 65,223 shares of the company’s stock worth $225,000 after purchasing an additional 35,727 shares in the last quarter. Oak Thistle LLC acquired a new stake in Vimeo during the 3rd quarter valued at $50,000. Finally, Horrell Capital Management Inc. increased its stake in shares of Vimeo by 8.0% in the third quarter. Horrell Capital Management Inc. now owns 678,270 shares of the company’s stock valued at $2,401,000 after buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 84.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “hold” rating and issued a $4.00 price objective (down previously from $7.00) on shares of Vimeo in a research report on Friday, January 5th.

Check Out Our Latest Stock Report on VMEO

Vimeo Trading Down 1.7 %

Vimeo stock opened at $3.97 on Thursday. The firm has a market capitalization of $665.45 million, a P/E ratio of 79.42 and a beta of 1.98. Vimeo, Inc. has a 1 year low of $3.02 and a 1 year high of $5.19. The business has a 50-day moving average of $3.80 and a 200-day moving average of $3.75.

Vimeo (NASDAQ:VMEOGet Free Report) last posted its earnings results on Monday, November 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.10. The firm had revenue of $106.25 million during the quarter, compared to analysts’ expectations of $101.03 million. Vimeo had a return on equity of 2.39% and a net margin of 2.04%. The company’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.13) earnings per share. Research analysts anticipate that Vimeo, Inc. will post 0.08 EPS for the current fiscal year.

Vimeo Company Profile

(Free Report)

Vimeo, Inc, together with its subsidiaries, provides video software solutions worldwide. The company 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. It 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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Institutional Ownership by Quarter for Vimeo (NASDAQ:VMEO)

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