Man Group plc Acquires 65,566 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Man Group plc raised its position in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 45.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 210,470 shares of the company's stock after buying 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 filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Nuveen Asset Management LLC increased its holdings in shares of Vimeo by 82.5% during the fourth quarter. Nuveen Asset Management LLC now owns 2,707,697 shares of the company's stock worth $17,329,000 after buying an additional 1,224,263 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Vimeo by 58.8% during the fourth quarter. Millennium Management LLC now owns 1,058,454 shares of the company's stock worth $6,774,000 after buying an additional 391,812 shares in the last quarter. G2 Investment Partners Management LLC acquired a new stake in shares of Vimeo during the fourth quarter worth approximately $7,275,000. D. E. Shaw & Co. Inc. increased its holdings in shares of Vimeo by 86.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,028,846 shares of the company's stock worth $6,585,000 after buying an additional 477,130 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Vimeo by 5.4% during the fourth quarter. Deutsche Bank AG now owns 908,492 shares of the company's stock worth $5,814,000 after buying an additional 46,559 shares in the last quarter. Institutional investors and hedge funds own 84.97% of the company's stock.

Analyst Upgrades and Downgrades

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

Vimeo Trading Up 1.6%

Shares of VMEO traded up $0.07 during mid-day trading on Tuesday, hitting $4.43. 2,164,407 shares of the company traded hands, compared to its average volume of 1,526,912. Vimeo, Inc. has a one year low of $3.45 and a one year high of $7.90. The business has a 50-day moving average of $4.94 and a 200 day moving average of $5.89. The stock has a market capitalization of $729.82 million, a price-to-earnings ratio of 27.69 and a beta of 2.17.

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. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The firm had revenue of $103.03 million for the quarter, compared to analysts' expectations of $101.57 million. During the same period last year, the firm earned $0.04 earnings per share. The business's revenue for the quarter was down 1.8% on a year-over-year basis. As a group, analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current 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.