G2 Investment Partners Management LLC Invests $7.28 Million in Vimeo, Inc. (NASDAQ:VMEO)

G2 Investment Partners Management LLC bought a new stake in Vimeo, Inc. (NASDAQ:VMEO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,136,666 shares of the company's stock, valued at approximately $7,275,000. Vimeo makes up about 1.9% of G2 Investment Partners Management LLC's investment portfolio, making the stock its 21st biggest holding. G2 Investment Partners Management LLC owned 0.69% of Vimeo at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Vimeo by 18.1% in the third 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 last quarter. Barclays PLC raised its stake in shares of Vimeo by 203.9% in 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 period. Truist Financial Corp purchased a new stake in shares of Vimeo in the fourth quarter valued at $74,000. Franklin Resources Inc. lifted its holdings in shares of Vimeo by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 145,603 shares of the company's stock worth $702,000 after acquiring an additional 4,134 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of 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 purchasing an additional 44,657 shares during the period. 84.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VMEO. 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 report on Monday, April 7th. Piper Sandler set a $8.00 target price on Vimeo and gave the company an "overweight" rating in a research note on Tuesday, May 6th.

Vimeo Trading Down 0.4%

Shares of NASDAQ VMEO traded down $0.02 during mid-day trading on Wednesday, reaching $4.84. The company had a trading volume of 562,998 shares, compared to its average volume of 1,525,080. The stock has a market cap of $797.88 million, a price-to-earnings ratio of 30.25 and a beta of 2.17. The business's 50-day moving average is $5.10 and its 200-day moving average is $5.96. Vimeo, Inc. has a 52 week low of $3.45 and a 52 week high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $103.03 million during the quarter, compared to analyst estimates of $101.57 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. Vimeo's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share. As a group, equities research analysts forecast that Vimeo, Inc. will post 0.16 earnings per share 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.