1,136,666 Shares in Vimeo, Inc. (NASDAQ:VMEO) Acquired by G2 Investment Partners Management LLC

G2 Investment Partners Management LLC acquired a new stake in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,136,666 shares of the company's stock, valued at approximately $7,275,000. Vimeo comprises about 1.9% of G2 Investment Partners Management LLC's portfolio, making the stock its 21st largest holding. G2 Investment Partners Management LLC owned about 0.69% of Vimeo as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its stake in Vimeo by 780.4% in the 4th 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. SBI Securities Co. Ltd. acquired a new stake in Vimeo in the fourth quarter valued at approximately $30,000. Allworth Financial LP raised its holdings in shares of Vimeo by 5,662.8% in the fourth quarter. Allworth Financial LP now owns 4,956 shares of the company's stock worth $31,000 after buying an additional 4,870 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Vimeo during the fourth quarter worth $36,000. Finally, Quarry LP acquired a new stake in Vimeo during the fourth quarter valued at $47,000. 84.97% of the stock is owned by institutional investors.

Vimeo Trading Up 3.2%

VMEO traded up $0.15 on Monday, reaching $4.80. The company had a trading volume of 1,334,822 shares, compared to its average volume of 1,528,414. Vimeo, Inc. has a one year low of $3.45 and a one year high of $7.90. The company has a market capitalization of $791.29 million, a P/E ratio of 30.00 and a beta of 2.17. The company has a fifty day moving average of $5.11 and a 200-day moving average of $5.97.

Vimeo (NASDAQ:VMEO - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $103.03 million for the quarter, compared to the consensus estimate of $101.57 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 earnings per share. Research analysts predict that Vimeo, Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

VMEO has been the topic of a number of analyst reports. Jefferies Financial Group reduced their target price 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 price objective on shares of Vimeo and gave the stock an "overweight" rating in a research report on Tuesday, May 6th.

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.