Ameriprise Financial Inc. Acquires 94,236 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Ameriprise Financial Inc. boosted its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 29.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 416,214 shares of the company's stock after purchasing an additional 94,236 shares during the quarter. Ameriprise Financial Inc. owned about 0.25% of Vimeo worth $2,664,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VMEO. Algert Global LLC raised its stake in shares of Vimeo by 13.8% in the fourth quarter. Algert Global LLC now owns 113,899 shares of the company's stock worth $729,000 after purchasing an additional 13,789 shares during the last quarter. Jane Street Group LLC grew its holdings in Vimeo by 120.7% during the fourth 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 in the last quarter. Northern Trust Corp raised its position 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 buying an additional 54,554 shares during the last quarter. Quarry LP bought a new position in Vimeo during the 4th quarter valued at $47,000. Finally, Aquatic Capital Management LLC purchased a new position in Vimeo during the 4th quarter worth $361,000. 84.97% of the stock is owned by institutional investors and hedge funds.

Vimeo Trading Down 0.2%

Shares of VMEO stock traded down $0.01 during trading hours on Friday, reaching $4.38. The company's stock had a trading volume of 1,260,155 shares, compared to its average volume of 1,524,792. The stock has a market capitalization of $721.58 million, a P/E ratio of 27.38 and a beta of 2.17. The firm's fifty day simple moving average is $4.84 and its 200 day simple moving average is $5.83. 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 earnings results on Monday, May 5th. The company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.01. The firm had revenue of $103.03 million for the quarter, compared to the consensus estimate of $101.57 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The company's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 EPS. As a group, equities research analysts forecast that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VMEO has been the subject of a number of recent analyst reports. Piper Sandler set a $8.00 price objective on Vimeo and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Jefferies Financial Group reduced their price target on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a research 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.