Massachusetts Financial Services Co. MA Purchases 65,831 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Massachusetts Financial Services Co. MA lifted its stake in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 90.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 138,761 shares of the company's stock after buying an additional 65,831 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.08% of Vimeo worth $730,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in shares of Vimeo by 4.3% during the first quarter. Principal Financial Group Inc. now owns 64,792 shares of the company's stock worth $341,000 after purchasing an additional 2,687 shares during the last quarter. Sterling Capital Management LLC raised 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 worth $29,000 after purchasing an additional 4,058 shares during the period. GAMMA Investing LLC grew its position in shares of Vimeo by 1,547.0% during the first quarter. GAMMA Investing LLC now owns 4,908 shares of the company's stock worth $26,000 after acquiring an additional 4,610 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Vimeo by 919.9% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,231 shares of the company's stock valued at $46,000 after purchasing an additional 6,522 shares during the period. Finally, Quarry LP bought a new position in Vimeo in the 4th quarter worth approximately $47,000. 84.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Vimeo Stock Down 1.4%

Vimeo stock traded down $0.06 during mid-day trading on Thursday, hitting $4.13. The company's stock had a trading volume of 780,319 shares, compared to its average volume of 1,536,729. Vimeo, Inc. has a twelve month low of $3.44 and a twelve month high of $7.90. The stock's fifty day moving average price is $4.21 and its two-hundred day moving average price is $5.14. The stock has a market capitalization of $680.38 million, a P/E ratio of 41.30 and a beta of 2.01.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.02) earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $101.57 million. During the same quarter in the previous 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. Equities analysts expect 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.