Vimeo, Inc. (NASDAQ:VMEO) Stake Lifted by Millennium Management LLC

Millennium Management LLC boosted its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 58.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,058,454 shares of the company's stock after buying an additional 391,812 shares during the period. Millennium Management LLC owned 0.64% of Vimeo worth $6,774,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. G2 Investment Partners Management LLC acquired a new stake in Vimeo in the 4th quarter worth about $7,275,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Vimeo by 86.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,028,846 shares of the company's stock worth $6,585,000 after purchasing an additional 477,130 shares during the period. Deutsche Bank AG raised its holdings in shares of Vimeo by 5.4% in the 4th quarter. Deutsche Bank AG now owns 908,492 shares of the company's stock worth $5,814,000 after purchasing an additional 46,559 shares during the period. Cetera Investment Advisers purchased a new position in shares of Vimeo in the 4th quarter worth about $214,000. Finally, Bank of America Corp DE raised its holdings in shares of Vimeo by 89.4% in the 4th quarter. Bank of America Corp DE now owns 650,692 shares of the company's stock worth $4,164,000 after purchasing an additional 307,172 shares during the period. 84.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on VMEO. Piper Sandler set a $8.00 price objective on Vimeo and gave the stock 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.

Vimeo Stock Up 0.2%

Shares of VMEO traded up $0.01 during mid-day trading on Thursday, hitting $4.39. The stock had a trading volume of 890,044 shares, compared to its average volume of 1,523,546. The company has a market cap of $723.23 million, a PE ratio of 27.44 and a beta of 2.17. The company's fifty day simple moving average is $4.89 and its two-hundred day simple moving average is $5.87. Vimeo, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. The company had revenue of $103.03 million during the quarter, compared to analyst estimates of $101.57 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The business's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 EPS. Equities analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current year.

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.