Bank of America Corp DE Grows Stock Holdings in Vimeo, Inc. (NASDAQ:VMEO)

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

Several other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC increased its position in shares of Vimeo by 96.0% in the fourth quarter. SG Americas Securities LLC now owns 91,190 shares of the company's stock valued at $584,000 after acquiring an additional 44,657 shares during the period. Joel Isaacson & Co. LLC lifted its stake in shares of Vimeo by 62.0% in the fourth quarter. Joel Isaacson & Co. LLC now owns 129,815 shares of the company's stock worth $831,000 after buying an additional 49,669 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of Vimeo in the fourth quarter worth approximately $72,000. Allworth Financial LP lifted its position in Vimeo by 5,662.8% during the fourth quarter. Allworth Financial LP now owns 4,956 shares of the company's stock valued at $31,000 after purchasing an additional 4,870 shares during the period. Finally, Principal Financial Group Inc. raised its position in Vimeo by 6.5% in the fourth quarter. Principal Financial Group Inc. now owns 62,105 shares of the company's stock worth $397,000 after acquiring an additional 3,793 shares during the period. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VMEO has been the topic of a number of recent analyst reports. Piper Sandler set a $8.00 price target on Vimeo and gave the company an "overweight" rating in a report on Tuesday, May 6th. Jefferies Financial Group dropped their price objective 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 Price Performance

Shares of NASDAQ:VMEO traded up $0.16 during trading hours on Tuesday, hitting $4.55. The company's stock had a trading volume of 961,186 shares, compared to its average volume of 1,522,886. Vimeo, Inc. has a 52 week low of $3.45 and a 52 week high of $7.90. The company has a market capitalization of $749.59 million, a price-to-earnings ratio of 28.44 and a beta of 2.17. The firm's fifty day moving average price is $4.80 and its 200 day moving average price is $5.80.

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, topping the consensus estimate of ($0.03) by $0.01. The firm had revenue of $103.03 million during the quarter, compared to analyst estimates of $101.57 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. Vimeo's revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 EPS. On average, equities research analysts predict that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

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.