Man Group plc Has $1.35 Million Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

Man Group plc lifted its position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 45.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210,470 shares of the company's stock after acquiring an additional 65,566 shares during the period. Man Group plc owned about 0.13% of Vimeo worth $1,347,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Vimeo by 18.1% during the third quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company's stock worth $1,638,000 after purchasing an additional 49,699 shares during the period. Truist Financial Corp acquired a new stake in shares of Vimeo during the fourth quarter worth approximately $74,000. SG Americas Securities LLC boosted its holdings in shares of Vimeo by 96.0% during the fourth quarter. SG Americas Securities LLC now owns 91,190 shares of the company's stock worth $584,000 after purchasing an additional 44,657 shares during the period. American Century Companies Inc. acquired a new stake in shares of Vimeo during the fourth quarter worth approximately $755,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Vimeo during the fourth quarter worth approximately $72,000. 84.97% of the stock is owned by hedge funds and other institutional investors.

Vimeo Trading Up 0.1%

NASDAQ VMEO traded up $0.01 during trading on Thursday, reaching $4.39. The company's stock had a trading volume of 158,282 shares, compared to its average volume of 1,520,710. The stock has a market capitalization of $722.40 million, a PE ratio of 27.35 and a beta of 2.17. The business has a 50-day moving average price of $4.89 and a 200-day moving average price of $5.87. Vimeo, Inc. has a 1-year low of $3.45 and a 1-year high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its quarterly earnings data 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. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The business had revenue of $103.03 million during the quarter, compared to analysts' expectations of $101.57 million. During the same period in the previous year, the company earned $0.04 earnings per share. Vimeo's revenue for the quarter was down 1.8% on a year-over-year basis. As a group, analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

VMEO has been the subject of several research reports. Jefferies Financial Group decreased their price target on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a report on Monday, April 7th. Piper Sandler set a $8.00 price target on shares of Vimeo and gave the stock an "overweight" rating in a report on Tuesday, May 6th.

Vimeo Company 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.