XTX Topco Ltd Boosts Stock Holdings in Vimeo, Inc. (NASDAQ:VMEO)

XTX Topco Ltd grew its stake in Vimeo, Inc. (NASDAQ:VMEO) by 48.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,745 shares of the company’s stock after purchasing an additional 16,161 shares during the period. XTX Topco Ltd’s holdings in Vimeo were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Vimeo by 1,547.0% in the first quarter. GAMMA Investing LLC now owns 4,908 shares of the company’s stock valued at $26,000 after purchasing an additional 4,610 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Vimeo by 780.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,578 shares of the company’s stock worth $29,000 after purchasing an additional 4,058 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Vimeo by 919.9% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,231 shares of the company’s stock worth $46,000 after purchasing an additional 6,522 shares in the last quarter. Quarry LP acquired a new position in Vimeo during the fourth quarter worth $47,000. Finally, MQS Management LLC acquired a new stake in shares of Vimeo in the first quarter valued at $71,000. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

Vimeo Stock Down 2.6%

NASDAQ VMEO opened at $3.79 on Tuesday. The firm has a market cap of $628.04 million, a P/E ratio of 47.38 and a beta of 2.00. Vimeo, Inc. has a 52-week low of $3.64 and a 52-week high of $7.90. The business’s 50-day moving average price is $4.08 and its 200 day moving average price is $4.92.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $104.65 million during the quarter, compared to the consensus estimate of $107.36 million. Vimeo had a net margin of 3.17% and a return on equity of 3.31%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

VMEO has been the topic of a number of analyst reports. Piper Sandler restated an “overweight” rating and issued a $7.00 price target (down from $8.00) on shares of Vimeo in a research note on Tuesday, August 5th. Wall Street Zen raised Vimeo from a “hold” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.10.

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.