MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Lowers Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 28.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 670,558 shares of the company's stock after selling 270,494 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.40% of Vimeo worth $4,292,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in VMEO. G2 Investment Partners Management LLC purchased a new stake in Vimeo during the fourth quarter worth $7,275,000. Boston Partners raised its position in Vimeo by 465.5% during the fourth quarter. Boston Partners now owns 1,194,421 shares of the company's stock worth $7,643,000 after acquiring an additional 983,198 shares during the period. Norges Bank acquired a new position in Vimeo during the fourth quarter worth $3,640,000. Arrowstreet Capital Limited Partnership raised its position in Vimeo by 24.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,653,453 shares of the company's stock worth $16,982,000 after acquiring an additional 513,178 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its position in 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 acquiring an additional 477,130 shares during the period. 84.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Vimeo Stock Performance

NASDAQ:VMEO opened at $4.63 on Tuesday. The company has a fifty day moving average of $5.03 and a two-hundred day moving average of $5.96. The stock has a market capitalization of $763.26 million, a PE ratio of 28.94 and a beta of 2.17. 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, beating analysts' consensus estimates of ($0.03) by $0.01. The business had revenue of $103.03 million during the quarter, compared to analysts' expectations of $101.57 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share. Research analysts forecast 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.

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