Northern Trust Corp Has $9.25 Million Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Northern Trust Corp grew its position in Vimeo, Inc. (NASDAQ:VMEO) by 3.9% in the fourth quarter, Holdings Channel reports. The fund owned 1,445,576 shares of the company’s stock after acquiring an additional 54,554 shares during the quarter. Northern Trust Corp’s holdings in Vimeo were worth $9,252,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. grew its holdings in shares of Vimeo by 2.9% during the third quarter. Franklin Resources Inc. now owns 145,603 shares of the company’s stock worth $702,000 after purchasing an additional 4,134 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Vimeo by 18.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company’s stock worth $1,638,000 after buying an additional 49,699 shares during the period. SG Americas Securities LLC grew its holdings in Vimeo by 96.0% during the 4th quarter. SG Americas Securities LLC now owns 91,190 shares of the company’s stock worth $584,000 after acquiring an additional 44,657 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in Vimeo in the 4th quarter valued at approximately $128,000. Finally, Joel Isaacson & Co. LLC raised its stake in shares of Vimeo by 62.0% during the fourth quarter. Joel Isaacson & Co. LLC now owns 129,815 shares of the company’s stock valued at $831,000 after acquiring an additional 49,669 shares during the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VMEO shares. Jefferies Financial Group reduced their price objective on shares of Vimeo from $7.00 to $5.40 and set a “hold” rating on the stock in a research note on Monday, April 7th. Piper Sandler set a $8.00 target price on Vimeo and gave the stock an “overweight” rating in a report on Tuesday, May 6th.

Vimeo Price Performance

Shares of Vimeo stock opened at $4.70 on Friday. The stock’s 50-day moving average is $5.05 and its 200 day moving average is $5.96. The firm has a market cap of $774.80 million, a price-to-earnings ratio of 29.38 and a beta of 2.17. Vimeo, Inc. has a one year low of $3.45 and a one year high of $7.90.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Monday, May 5th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. The company had revenue of $103.03 million during the quarter, compared to the consensus estimate of $101.57 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 earnings per share. On average, sell-side analysts expect that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

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.