Russell Investments Group Ltd. Has $10.48 Million Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

Russell Investments Group Ltd. lessened its position in Vimeo, Inc. (NASDAQ:VMEO) by 32.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,673,847 shares of the company’s stock after selling 1,280,388 shares during the period. Russell Investments Group Ltd. owned approximately 1.60% of Vimeo worth $10,481,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd grew its position in Vimeo by 3,726.9% in the 3rd quarter. Covestor Ltd now owns 9,108 shares of the company’s stock valued at $32,000 after purchasing an additional 8,870 shares during the period. Perigon Wealth Management LLC acquired a new position in shares of Vimeo during the fourth quarter valued at about $47,000. Principal Financial Group Inc. increased its position in shares of Vimeo by 33.7% during the third quarter. Principal Financial Group Inc. now owns 21,939 shares of the company’s stock worth $78,000 after acquiring an additional 5,534 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Vimeo in the 3rd quarter worth about $82,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Vimeo in the 3rd quarter valued at about $87,000. Institutional investors own 84.97% of the company’s stock.

Vimeo Stock Performance

Shares of VMEO opened at $3.67 on Monday. The firm has a market capitalization of $616.71 million, a P/E ratio of 28.23 and a beta of 2.02. Vimeo, Inc. has a 52 week low of $3.02 and a 52 week high of $5.77. The stock has a 50 day moving average price of $4.28 and a two-hundred day moving average price of $3.91.

Vimeo (NASDAQ:VMEO) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Vimeo had a return on equity of 6.07% and a net margin of 5.28%. The business had revenue of $105.54 million during the quarter, compared to analyst estimates of $102.37 million. Vimeo’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) EPS.

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.