GSA Capital Partners LLP Purchases New Shares in Vimeo, Inc. (NASDAQ:VMEO)

Key Points

• GSA Capital Partners LLP invested approximately $2.35 million in Vimeo, acquiring 446,260 shares, representing about 0.27% of the company.
• Vimeo's quarterly earnings report showed an EPS of ($0.02), exceeding analyst expectations, with revenue of $103.03 million, although it was down 1.8% from the previous year.
• Institutional investors own 84.97% of Vimeo's stock, indicating strong investor confidence in the company.

GSA Capital Partners LLP purchased a new stake in Vimeo, Inc. (NASDAQ:VMEO - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 446,260 shares of the company's stock, valued at approximately $2,347,000. GSA Capital Partners LLP owned approximately 0.27% of Vimeo as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VMEO. American Century Companies Inc. bought a new stake in shares of Vimeo during the 4th quarter worth $755,000. Sei Investments Co. raised its stake in Vimeo by 24.3% during the fourth quarter. Sei Investments Co. now owns 572,793 shares of the company's stock worth $3,666,000 after acquiring an additional 111,848 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Vimeo during the fourth quarter worth about $204,000. Vanguard Group Inc. raised its stake in Vimeo by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 17,432,831 shares of the company's stock worth $111,570,000 after acquiring an additional 134,171 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Vimeo by 85.1% during the fourth quarter. JPMorgan Chase & Co. now owns 600,387 shares of the company's stock worth $3,842,000 after acquiring an additional 275,967 shares in the last quarter. Institutional investors and hedge funds own 84.97% of the company's stock.

Vimeo Price Performance

Shares of Vimeo stock traded down $0.14 during trading on Friday, hitting $3.65. The company's stock had a trading volume of 928,349 shares, compared to its average volume of 1,584,155. Vimeo, Inc. has a 52 week low of $3.44 and a 52 week high of $7.90. The stock has a market cap of $601.81 million, a price-to-earnings ratio of 36.45 and a beta of 2.01. The stock has a 50-day moving average price of $4.15 and a two-hundred day moving average price of $5.06.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. Vimeo had a net margin of 4.10% and a return on equity of 4.26%. The company had revenue of $103.03 million during the quarter, compared to analysts' expectations of $101.57 million. During the same period in the prior year, the company posted $0.04 earnings per share. Vimeo's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities analysts predict that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.