Bank of America Corp DE Purchases 307,172 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Bank of America Corp DE lifted its position in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 89.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 650,692 shares of the company's stock after acquiring an additional 307,172 shares during the quarter. Bank of America Corp DE owned approximately 0.39% of Vimeo worth $4,164,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VMEO. BNP Paribas Financial Markets acquired a new position in Vimeo during the 4th quarter worth about $302,000. Ameriprise Financial Inc. lifted its holdings in Vimeo by 29.3% during the 4th quarter. Ameriprise Financial Inc. now owns 416,214 shares of the company's stock worth $2,664,000 after buying an additional 94,236 shares during the period. Algert Global LLC lifted its holdings in Vimeo by 13.8% during the 4th quarter. Algert Global LLC now owns 113,899 shares of the company's stock worth $729,000 after buying an additional 13,789 shares during the period. Jane Street Group LLC lifted its holdings in Vimeo by 120.7% during the 4th 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 during the period. Finally, Northern Trust Corp lifted its holdings in Vimeo by 3.9% during the 4th quarter. Northern Trust Corp now owns 1,445,576 shares of the company's stock worth $9,252,000 after buying an additional 54,554 shares during the period. Institutional investors and hedge funds own 84.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on VMEO shares. Piper Sandler set a $8.00 target price on Vimeo and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Jefferies Financial Group cut their target price on Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a report on Monday, April 7th.

Vimeo Stock Performance

Shares of NASDAQ:VMEO traded down $0.01 during midday trading 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 firm has a market capitalization of $721.58 million, a price-to-earnings ratio of 27.38 and a beta of 2.17. The firm has a 50 day moving average price of $4.84 and a two-hundred day moving average price of $5.83. Vimeo, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $7.90.

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