Rhumbline Advisers Reduces Position in Vimeo, Inc. (NASDAQ:VMEO)

Rhumbline Advisers cut its stake in Vimeo, Inc. (NASDAQ:VMEO) by 1.7% in the fourth quarter, Holdings Channel reports. The fund owned 345,807 shares of the company’s stock after selling 6,142 shares during the period. Rhumbline Advisers’ holdings in Vimeo were worth $2,213,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EP Wealth Advisors LLC purchased a new position in Vimeo during the third quarter worth about $51,000. Apollon Wealth Management LLC acquired a new position in Vimeo during the 4th quarter worth about $72,000. Quintet Private Bank Europe S.A. boosted its holdings in Vimeo by 18.1% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company’s stock valued at $101,000 after acquiring an additional 3,063 shares during the period. Wesbanco Bank Inc. acquired a new position in Vimeo in the 4th quarter valued at about $128,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Vimeo during the third quarter worth $141,000. 84.97% of the stock is currently owned by institutional investors and hedge funds.

Vimeo Price Performance

Shares of NASDAQ VMEO opened at $5.69 on Tuesday. The company has a market cap of $938.01 million, a PE ratio of 35.56 and a beta of 2.21. The stock has a fifty day moving average price of $6.41 and a 200 day moving average price of $5.93. Vimeo, Inc. has a 1-year low of $3.43 and a 1-year high of $7.90.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $103.16 million during the quarter, compared to analysts’ expectations of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. Analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VMEO has been the topic of several analyst reports. Truist Financial raised their target price on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Piper Sandler raised Vimeo from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $7.00 to $10.00 in a report on Tuesday, December 10th. Finally, TD Cowen raised their price target on Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

Vimeo 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.