Circumference Group LLC Invests $2.27 Million in Vimeo, Inc. (NASDAQ:VMEO)

Circumference Group LLC bought a new stake in Vimeo, Inc. (NASDAQ:VMEOFree Report) during the 4th quarter, HoldingsChannel reports. The fund bought 578,270 shares of the company’s stock, valued at approximately $2,267,000. Vimeo comprises approximately 1.9% of Circumference Group LLC’s holdings, making the stock its 17th biggest position.

Several other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Vimeo by 33.7% during the 3rd quarter. Principal Financial Group Inc. now owns 21,939 shares of the company’s stock valued at $78,000 after acquiring an additional 5,534 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Vimeo during the 3rd quarter worth approximately $110,000. Quantbot Technologies LP purchased a new position in shares of Vimeo during the 3rd quarter worth approximately $82,000. Boston Partners raised its position in shares of Vimeo by 25.6% during the 3rd quarter. Boston Partners now owns 1,185,683 shares of the company’s stock worth $4,196,000 after purchasing an additional 242,025 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Vimeo by 1.4% during the 3rd quarter. Swiss National Bank now owns 326,618 shares of the company’s stock valued at $1,156,000 after buying an additional 4,600 shares during the last quarter. 84.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reissued a “neutral” rating and issued a $4.50 price target (up from $4.00) on shares of Vimeo in a report on Tuesday, May 7th.

Read Our Latest Stock Analysis on Vimeo

Vimeo Stock Performance

NASDAQ VMEO traded down $0.01 during mid-day trading on Friday, reaching $3.86. 397,492 shares of the stock were exchanged, compared to its average volume of 2,471,053. The business’s fifty day simple moving average is $3.78 and its 200 day simple moving average is $4.00. The stock has a market capitalization of $653.38 million, a PE ratio of 22.59 and a beta of 2.04. Vimeo, Inc. has a 1-year low of $3.02 and a 1-year high of $5.77.

Vimeo (NASDAQ:VMEOGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. The business had revenue of $104.91 million for the quarter, compared to analysts’ expectations of $100.40 million. Vimeo had a return on equity of 7.71% and a net margin of 6.88%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts anticipate that Vimeo, Inc. will post 0.04 EPS for the current year.

Vimeo Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Vimeo (NASDAQ:VMEO)

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