Xponance Inc. Invests $67,000 in Vimeo, Inc. (NASDAQ:VMEO)

Xponance Inc. bought a new position in shares of Vimeo, Inc. (NASDAQ:VMEO) in the 4th quarter, Holdings Channel reports. The fund bought 10,469 shares of the company’s stock, valued at approximately $67,000.

A number of other hedge funds have also added to or reduced their stakes in VMEO. Boston Partners lifted its position in shares of Vimeo by 465.5% during the 4th quarter. Boston Partners now owns 1,194,421 shares of the company’s stock valued at $7,643,000 after acquiring an additional 983,198 shares during the period. FMR LLC grew its stake in Vimeo by 65.1% in the third quarter. FMR LLC now owns 1,392,457 shares of the company’s stock valued at $7,032,000 after acquiring an additional 548,812 shares during the period. Harvey Partners LLC increased its holdings in shares of Vimeo by 7.0% during the third quarter. Harvey Partners LLC now owns 4,035,000 shares of the company’s stock valued at $20,377,000 after acquiring an additional 265,000 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Vimeo by 5.0% during the third quarter. Geode Capital Management LLC now owns 3,770,805 shares of the company’s stock worth $19,046,000 after purchasing an additional 181,137 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Vimeo by 203.9% in the 3rd quarter. Barclays PLC now owns 240,655 shares of the company’s stock worth $1,215,000 after purchasing an additional 161,469 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Vimeo Stock Down 2.9 %

Shares of Vimeo stock opened at $5.32 on Friday. The company has a market cap of $877.01 million, a PE ratio of 33.25 and a beta of 2.22. The business has a 50 day moving average price of $6.03 and a 200-day moving average price of $5.98. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90.

Vimeo (NASDAQ:VMEO) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $100.60 million. As a group, research analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current year.

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.