Versor Investments LP acquired a new position in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 147,900 shares of the company's stock, valued at approximately $778,000. Versor Investments LP owned approximately 0.09% of Vimeo at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in Vimeo by 780.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,578 shares of the company's stock worth $29,000 after acquiring an additional 4,058 shares in the last quarter. GAMMA Investing LLC boosted its stake in Vimeo by 1,547.0% during the first quarter. GAMMA Investing LLC now owns 4,908 shares of the company's stock worth $26,000 after acquiring an additional 4,610 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in Vimeo by 919.9% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,231 shares of the company's stock worth $46,000 after acquiring an additional 6,522 shares in the last quarter. Quarry LP bought a new stake in Vimeo during the fourth quarter worth about $47,000. Finally, MQS Management LLC bought a new stake in Vimeo during the first quarter worth about $71,000. Institutional investors own 84.97% of the company's stock.
Vimeo Stock Performance
Shares of Vimeo stock opened at $4.12 on Tuesday. The stock has a market capitalization of $682.73 million, a PE ratio of 51.51 and a beta of 2.00. Vimeo, Inc. has a 52-week low of $3.64 and a 52-week high of $7.90. The company has a 50-day simple moving average of $4.03 and a two-hundred day simple moving average of $4.83.
Vimeo (NASDAQ:VMEO - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. The business had revenue of $104.65 million during the quarter, compared to analysts' expectations of $107.36 million. Vimeo had a net margin of 3.17% and a return on equity of 3.31%. The business's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share. As a group, equities research analysts forecast that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.
Wall Street Analyst Weigh In
VMEO has been the topic of several research reports. Wall Street Zen raised shares of Vimeo from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Piper Sandler reaffirmed an "overweight" rating and issued a $7.00 target price (down from $8.00) on shares of Vimeo in a report on Tuesday, August 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $7.10.
Get Our Latest Analysis on Vimeo
Vimeo Company Profile
(
Free Report)
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.
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