Bleakley Financial Group LLC Trims Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

Bleakley Financial Group LLC trimmed its holdings in Vimeo, Inc. (NASDAQ:VMEO) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,077 shares of the company’s stock after selling 1,968 shares during the quarter. Bleakley Financial Group LLC’s holdings in Vimeo were worth $365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VMEO. SG Americas Securities LLC acquired a new stake in Vimeo during the third quarter worth about $235,000. Hutchens & Kramer Investment Management Group LLC purchased a new position in shares of Vimeo during the 3rd quarter valued at approximately $54,000. Pinnacle Associates Ltd. lifted its stake in shares of Vimeo by 1.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 716,618 shares of the company’s stock valued at $3,619,000 after purchasing an additional 6,967 shares during the period. Quintet Private Bank Europe S.A. boosted its holdings in Vimeo by 18.1% during the third quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company’s stock worth $101,000 after buying an additional 3,063 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in Vimeo during the third quarter valued at $391,000. 84.97% of the stock is owned by institutional investors and hedge funds.

Vimeo Stock Down 2.1 %

Shares of NASDAQ VMEO opened at $6.46 on Wednesday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 32.30 and a beta of 2.21. The company’s 50-day simple moving average is $6.64 and its 200-day simple moving average is $5.77. Vimeo, Inc. has a 52-week low of $3.43 and a 52-week high of $7.90.

Analyst Ratings Changes

A number of brokerages have weighed in on VMEO. TD Cowen upped their price objective on shares of Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Piper Sandler raised Vimeo from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $7.00 to $10.00 in a report on Tuesday, December 10th. Finally, Truist Financial raised their price objective on Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, November 5th.

Vimeo Company Profile

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.