MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $4.29 Million Stake in Vimeo, Inc. (NASDAQ:VMEO)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 28.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 670,558 shares of the company's stock after selling 270,494 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.40% of Vimeo worth $4,292,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in 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 position in Vimeo during the fourth quarter worth $74,000. Franklin Resources Inc. boosted its position in shares of Vimeo by 2.9% during the third quarter. Franklin Resources Inc. now owns 145,603 shares of the company's stock worth $702,000 after purchasing an additional 4,134 shares in the last quarter. SG Americas Securities LLC raised 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 valued at $584,000 after purchasing an additional 44,657 shares during the period. Finally, American Century Companies Inc. purchased a new stake in shares of Vimeo in the fourth quarter worth about $755,000. 84.97% of the stock is currently owned by institutional investors.

Vimeo Price Performance

NASDAQ VMEO traded down $0.09 during trading on Friday, reaching $4.36. The company's stock had a trading volume of 930,573 shares, compared to its average volume of 1,524,352. The stock has a market capitalization of $718.28 million, a PE ratio of 27.25 and a beta of 2.17. The firm has a fifty day moving average of $4.96 and a 200 day moving average of $5.91. Vimeo, Inc. has a one year low of $3.45 and a one year high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its earnings results on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $101.57 million. During the same period last year, the business earned $0.04 earnings per share. The business's revenue was down 1.8% on a year-over-year basis. Research analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.