Daiwa Securities Group Inc. Trims Position in Vimeo, Inc. (NASDAQ:VMEO)

Daiwa Securities Group Inc. cut its position in Vimeo, Inc. (NASDAQ:VMEO) by 42.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,191 shares of the company’s stock after selling 6,707 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Vimeo were worth $59,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Haven Private LLC purchased a new stake in shares of Vimeo in the fourth quarter worth $451,000. Aigen Investment Management LP purchased a new position in Vimeo during the fourth quarter valued at $91,000. Charles Schwab Investment Management Inc. grew its stake in Vimeo by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,268,020 shares of the company’s stock valued at $8,115,000 after acquiring an additional 9,135 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Vimeo during the fourth quarter valued at $30,000. Finally, Bailard Inc. purchased a new position in Vimeo during the fourth quarter valued at $723,000. 84.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler raised shares of Vimeo from a “neutral” rating to an “overweight” rating and raised their target price for the company from $7.00 to $10.00 in a research note on Tuesday, December 10th.

Vimeo Stock Performance

VMEO opened at $5.46 on Tuesday. The stock has a market capitalization of $900.09 million, a price-to-earnings ratio of 34.13 and a beta of 2.22. The company has a fifty day moving average of $6.17 and a 200 day moving average of $5.96. Vimeo, Inc. has a fifty-two week low of $3.43 and a fifty-two week high of $7.90.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The company had revenue of $103.16 million during the quarter, compared to analysts’ expectations of $100.60 million. On average, equities research analysts forecast that Vimeo, Inc. will post 0.16 earnings per share for the current year.

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.