Vimeo, Inc. (NASDAQ:VMEO) Stake Raised by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its stake in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 90.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,761 shares of the company's stock after acquiring an additional 65,831 shares during the period. Massachusetts Financial Services Co. MA owned 0.08% of Vimeo worth $730,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in Vimeo by 4.3% in the first quarter. Principal Financial Group Inc. now owns 64,792 shares of the company's stock valued at $341,000 after buying an additional 2,687 shares during the period. Sterling Capital Management LLC grew its position in shares of Vimeo by 780.4% during the 4th quarter. Sterling Capital Management LLC now owns 4,578 shares of the company's stock valued at $29,000 after acquiring an additional 4,058 shares during the period. GAMMA Investing LLC lifted its stake in shares of Vimeo by 1,547.0% during the 1st quarter. GAMMA Investing LLC now owns 4,908 shares of the company's stock valued at $26,000 after buying an additional 4,610 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Vimeo by 919.9% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,231 shares of the company's stock valued at $46,000 after buying an additional 6,522 shares in the last quarter. Finally, Quarry LP purchased a new position in Vimeo in the 4th quarter worth $47,000. 84.97% of the stock is owned by institutional investors.

Vimeo Stock Down 1.8%

Vimeo stock traded down $0.08 during mid-day trading on Thursday, hitting $4.12. The company had a trading volume of 145,177 shares, compared to its average volume of 1,605,858. The stock has a market cap of $677.91 million, a price-to-earnings ratio of 41.15 and a beta of 2.01. Vimeo, Inc. has a 1 year low of $3.44 and a 1 year high of $7.90. The business has a fifty day moving average of $4.22 and a 200 day moving average of $5.16.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.01. Vimeo had a return on equity of 4.26% and a net margin of 4.10%. The business had revenue of $103.03 million during the quarter, compared to analysts' expectations of $101.57 million. During the same quarter in the previous year, the business earned $0.04 EPS. The company's revenue for the quarter was down 1.8% on a year-over-year basis. Equities analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on VMEO shares. Piper Sandler set a $8.00 price objective on shares of Vimeo and gave the company an "overweight" rating in a report on Tuesday, May 6th. Jefferies Financial Group reduced their target price 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.

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.