Dark Forest Capital Management LP Acquires 50,292 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Dark Forest Capital Management LP boosted its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 239.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,291 shares of the company's stock after buying an additional 50,292 shares during the quarter. Dark Forest Capital Management LP's holdings in Vimeo were worth $456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VMEO. Sterling Capital Management LLC grew its position in shares of Vimeo by 780.4% during the 4th quarter. Sterling Capital Management LLC now owns 4,578 shares of the company's stock valued at $29,000 after acquiring an additional 4,058 shares during the period. SBI Securities Co. Ltd. bought a new stake in Vimeo during the fourth quarter valued at about $30,000. Allworth Financial LP increased its position in 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 in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Vimeo in the fourth quarter worth about $36,000. Finally, Xponance Inc. bought a new position in shares of Vimeo in the fourth quarter worth about $67,000. 84.97% of the stock is owned by hedge funds and other institutional investors.

Vimeo Stock Up 1.5 %

VMEO stock traded up $0.08 during trading on Friday, reaching $5.17. The company's stock had a trading volume of 324,537 shares, compared to its average volume of 1,523,541. The company's fifty day moving average is $5.24 and its 200-day moving average is $5.95. Vimeo, Inc. has a 1 year low of $3.45 and a 1 year high of $7.90. The company has a market capitalization of $851.46 million, a P/E ratio of 32.22 and a beta of 2.17.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The company had revenue of $103.16 million for the quarter, compared to the consensus estimate of $100.60 million. Analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reduced their target price on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a report on Monday, April 7th.

Vimeo 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.