Deutsche Bank AG Acquires 46,559 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Deutsche Bank AG grew its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 908,492 shares of the company’s stock after acquiring an additional 46,559 shares during the period. Deutsche Bank AG’s holdings in Vimeo were worth $5,814,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Vimeo by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 17,432,831 shares of the company’s stock valued at $111,570,000 after purchasing an additional 134,171 shares during the period. Renaissance Technologies LLC grew its position in shares of Vimeo by 6.8% in the 4th quarter. Renaissance Technologies LLC now owns 6,590,500 shares of the company’s stock valued at $42,179,000 after buying an additional 419,700 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Vimeo by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,863,223 shares of the company’s stock valued at $31,126,000 after buying an additional 60,174 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Vimeo by 24.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,653,453 shares of the company’s stock valued at $16,982,000 after buying an additional 513,178 shares during the period. Finally, Northern Trust Corp raised its position in shares of Vimeo by 3.9% during the fourth quarter. Northern Trust Corp now owns 1,445,576 shares of the company’s stock worth $9,252,000 after acquiring an additional 54,554 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.

Vimeo Trading Down 0.4%

Shares of VMEO opened at $4.70 on Monday. The firm’s fifty day simple moving average is $5.05 and its two-hundred day simple moving average is $5.96. Vimeo, Inc. has a 12 month low of $3.45 and a 12 month high of $7.90. The stock has a market capitalization of $774.80 million, a P/E ratio of 29.38 and a beta of 2.17.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The company had revenue of $103.03 million for the quarter, compared to the consensus estimate of $101.57 million. During the same period in the previous year, the business earned $0.04 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. As a group, research analysts predict that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.