Axa S.A. Lowers Stake in Vimeo, Inc. (NASDAQ:VMEO)

AXA S.A. cut its position in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 96.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,040 shares of the company's stock after selling 303,501 shares during the period. AXA S.A.'s holdings in Vimeo were worth $77,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the business. Jane Street Group LLC boosted its holdings in Vimeo by 120.7% in the 4th quarter. Jane Street Group LLC now owns 403,531 shares of the company's stock worth $2,583,000 after buying an additional 220,717 shares during the last quarter. Northern Trust Corp lifted its holdings in Vimeo by 3.9% in the 4th quarter. Northern Trust Corp now owns 1,445,576 shares of the company's stock valued at $9,252,000 after purchasing an additional 54,554 shares in the last quarter. Quarry LP purchased a new position in Vimeo in the 4th quarter valued at $47,000. Aquatic Capital Management LLC purchased a new position in Vimeo in the 4th quarter valued at $361,000. Finally, Boothbay Fund Management LLC purchased a new position in Vimeo in the 4th quarter valued at $1,213,000. Institutional investors and hedge funds own 84.97% of the company's stock.

Wall Street Analysts Forecast Growth

VMEO has been the topic of a number of research reports. Piper Sandler set a $8.00 price objective on Vimeo and gave the company an "overweight" rating in a report on Tuesday, May 6th. Jefferies Financial Group dropped their price objective on Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a research note on Monday, April 7th.

Vimeo Stock Performance

Vimeo stock traded down $0.01 during midday trading on Friday, hitting $4.72. 244,018 shares of the company's stock were exchanged, compared to its average volume of 1,521,871. Vimeo, Inc. has a 12-month low of $3.45 and a 12-month high of $7.90. The firm's 50 day simple moving average is $5.06 and its 200 day simple moving average is $5.95. The stock has a market cap of $777.28 million, a price-to-earnings ratio of 29.47 and a beta of 2.17.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $101.57 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The business's revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 EPS. On average, equities research analysts forecast that Vimeo, Inc. will post 0.16 EPS for the current fiscal 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.