Vanguard Group Inc. Has $111.57 Million Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

Vanguard Group Inc. raised its position in shares of Vimeo, Inc. (NASDAQ:VMEO) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,432,831 shares of the company’s stock after purchasing an additional 134,171 shares during the quarter. Vanguard Group Inc. owned 0.11% of Vimeo worth $111,570,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VMEO. FMR LLC boosted its stake in shares of Vimeo by 65.1% in the 3rd quarter. FMR LLC now owns 1,392,457 shares of the company’s stock valued at $7,032,000 after purchasing an additional 548,812 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Vimeo by 18.1% in the third quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company’s stock valued at $1,638,000 after buying an additional 49,699 shares during the period. Barclays PLC boosted its position in Vimeo by 203.9% during the third quarter. Barclays PLC now owns 240,655 shares of the company’s stock valued at $1,215,000 after acquiring an additional 161,469 shares during the last quarter. Truist Financial Corp acquired a new stake in Vimeo during the 4th quarter worth about $74,000. Finally, HighTower Advisors LLC raised its position in shares of Vimeo by 66.0% in the 3rd quarter. HighTower Advisors LLC now owns 79,952 shares of the company’s stock worth $403,000 after acquiring an additional 31,800 shares in the last quarter. Institutional investors own 84.97% of the company’s stock.

Vimeo Trading Down 2.1 %

Shares of NASDAQ VMEO opened at $4.63 on Wednesday. The firm has a market capitalization of $763.26 million, a P/E ratio of 28.94 and a beta of 2.17. The firm’s 50-day moving average price is $5.78 and its 200-day moving average price is $5.97. Vimeo, Inc. has a 1-year low of $3.43 and a 1-year high of $7.90.

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

Analysts Set New Price Targets

VMEO has been the topic of several research analyst reports. Piper Sandler upgraded Vimeo from a “neutral” rating to an “overweight” rating and upped their target price for the company from $7.00 to $10.00 in a research report on Tuesday, December 10th. Jefferies Financial Group dropped their price target on Vimeo from $7.00 to $5.40 and set a “hold” rating on the stock in a research note on Monday.

About Vimeo

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.