Vimeo, Inc. (NASDAQ:VMEO) Stake Lessened by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lowered its position in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 76.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,158 shares of the company's stock after selling 249,893 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Vimeo were worth $500,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Partners raised its position in shares of Vimeo by 465.5% during the 4th quarter. Boston Partners now owns 1,194,421 shares of the company's stock worth $7,643,000 after purchasing an additional 983,198 shares during the period. Norges Bank acquired a new stake in shares of Vimeo during the 4th quarter worth approximately $3,640,000. Arrowstreet Capital Limited Partnership raised its position in shares of Vimeo by 24.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,653,453 shares of the company's stock worth $16,982,000 after purchasing an additional 513,178 shares during the period. Renaissance Technologies LLC increased its position in 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 acquiring an additional 419,700 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Vimeo in the 4th quarter valued at approximately $2,368,000. Institutional investors and hedge funds own 84.97% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on VMEO. Piper Sandler set a $8.00 target price on Vimeo and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Jefferies Financial Group decreased their price target 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 Price Performance

Shares of VMEO traded up $0.05 during trading hours on Thursday, hitting $4.51. 134,521 shares of the company were exchanged, compared to its average volume of 1,519,385. The company has a market capitalization of $742.66 million, a PE ratio of 28.22 and a beta of 2.17. The firm has a fifty day simple moving average of $5.00 and a 200-day simple moving average of $5.94. Vimeo, Inc. has a one year low of $3.45 and a one year high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business 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%. The company's revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.04 EPS. Sell-side analysts expect that Vimeo, Inc. will post 0.16 EPS for the current year.

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.