Vimeo, Inc. (NASDAQ:VMEO) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 29.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 416,214 shares of the company's stock after buying an additional 94,236 shares during the period. Ameriprise Financial Inc. owned about 0.25% of Vimeo worth $2,664,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VMEO. Boston Partners boosted its position in shares of Vimeo by 465.5% in the 4th quarter. Boston Partners now owns 1,194,421 shares of the company's stock worth $7,643,000 after buying an additional 983,198 shares in the last quarter. Norges Bank purchased a new stake in shares of Vimeo in the 4th quarter worth about $3,640,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Vimeo by 24.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,653,453 shares of the company's stock worth $16,982,000 after buying an additional 513,178 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Vimeo by 6.8% in the 4th quarter. Renaissance Technologies LLC now owns 6,590,500 shares of the company's stock worth $42,179,000 after buying an additional 419,700 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in Vimeo in the 4th quarter valued at about $2,368,000. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

Vimeo Stock Performance

VMEO stock traded up $0.03 during trading on Monday, hitting $4.39. The stock had a trading volume of 989,793 shares, compared to its average volume of 1,522,651. Vimeo, Inc. has a 1-year low of $3.45 and a 1-year high of $7.90. The company's 50 day moving average price is $4.82 and its two-hundred day moving average price is $5.81. The stock has a market cap of $723.23 million, a price-to-earnings ratio of 27.44 and a beta of 2.17.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The company had revenue of $103.03 million during the quarter, compared to the consensus estimate of $101.57 million. During the same quarter in the prior year, the company posted $0.04 EPS. The company's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on VMEO. Piper Sandler set a $8.00 target price on shares of Vimeo and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Jefferies Financial Group cut their target price on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a research note 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.